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, July 19, 2020

No Required Minimum Distributions For 2020

There is a tax deadline coming up. It may matter to those who are taking required minimum distributions (MRDs) from your IRAs and certain ...

Saturday, July 18, 2020

An Expiring Six Figure Tax Refund

We had an unusual client situation this 2020 tax-season-that-refuses-to-go-away. It involved a high earner and a private plane. Mo...

Sunday, July 5, 2020

Requesting A Payment Plan With Over $7 Million In The Bank

Sometimes I wonder how people get themselves into situations. Let’s take a look at a recent Tax Court case. It does not break new grou...

Sunday, June 28, 2020

This Is Why We Cannot Have Nice Things

I am looking at a case involving a conservation easement. We have talked about easements before. There is nothing innately sinister ab...

Monday, June 22, 2020

It’s A Cliff, Not A Slope

It is one of my least favorite areas of individual tax practice. We are talking about health insurance. More specifically, health insu...

Sunday, June 7, 2020

Using A Liquidating Trust

I am reading a case where the IRS wanted taxes of almost $1.5 million. I am not surprised to read that it involved a real estate devel...

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...

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Cincinnati Tax Guy

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