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, May 31, 2020

Paying Tax On Borrowed Money

I am looking at a Tax Court case where the IRS was chasing almost two-thirds of a million dollars. It involves an attorney and something c...

Monday, May 18, 2020

Grantor Retained Annuity Trusts In 2020

I was glancing over selected IRS interest rates and one caught my attention. The Section 7520 rate for June, 2020 is 0.6%. There a...

Sunday, May 10, 2020

Deducting Expenses Paid With Paycheck Protection Loans

There was a case in 1931 that is influencing a public controversy today. Let’s talk about it. The taxpayer (Slayton) was in the bu...

Tuesday, May 5, 2020

Donating Eyeglasses

Some tax cases take near forever to wrap-up. I am looking at a case involving tax year 2008; it was decided in April, 2020. It involv...

Sunday, April 26, 2020

IRA Changes For 2020

The issue came up last week with a retired client, so let’s talk about it. What is going on in 2020 with your IRAs? There are se...

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Cincinnati Tax Guy

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