Cincinnati Tax Guy

Steve Hamilton is a Tampa native and a graduate of the University of South Florida and the University of Missouri. He now lives in northern Kentucky. A career CPA, Steve has extensive experience involving all aspects of tax practice, including sophisticated income tax planning and handling of tax controversy matters for closely-held businesses and high-income individuals.

Sunday, February 23, 2020

When Bidding Is Not Marketing

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I was talking with a client recently. He is a real estate developer, and he was telling me about a tense run-in several years ago with the c...
Sunday, February 16, 2020

Faxing A Return To The IRS

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We recently prepared a couple of back California tax returns for a client. The client had an accounting person who lived in California...
Sunday, February 9, 2020

Marijuana And Tax-Exempt Status

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I am not surprised. I am looking at a Private Letter Ruling on a tax -exempt application for an entity involved with marijuana and CBD...
Sunday, February 2, 2020

The IRS And Lack Of A Postmark

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The IRS botches things every now and then. I walked in Friday morning to a botch. And before leaving Friday I was reading a near-b...
Sunday, January 26, 2020

Maple Trees, Blueberries and Startup Expenses

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It is one of my least favorite issues in tax law. It is not a particularly technical issue; rather, it too often imitates theology and met...
Sunday, January 19, 2020

Nigerian Oil And IRS Termination Assessment

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I am reading a 34-page case that starts with the following: During the first quarter of 2015 petitioner received about $750,000 from ent...
Sunday, January 12, 2020

Can You Have Reasonable Cause For Filing Late?

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I am looking a reasonable cause case. For the non-tax-nerds, the IRS can abate penalties for reasonable cause. The concept makes sense...
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Cincinnati Tax Guy
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