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.

Monday, August 24, 2020

A Job, A Gig and Work Expenses

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  The case is straightforward enough, but it reminded me how variations of the story repeat in practice. Take someone who has a W-2, prefe...
Sunday, August 16, 2020

Talking Frankly About Offers In Compromise

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I am reading a case involving an offer in compromise (OIC). In general, I have become disinclined to do OIC work. And no, it is not just...
Sunday, August 9, 2020

Don’t Be A Jerk

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  I am looking at a case containing one of my favorite slams so far this year. Granted, it is 2020 COVID, so the bar is lower than usual. ...
Sunday, August 2, 2020

Are You Insolvent Or Not?

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There is a case called Hamilton v Commissioner . It was recently decided in the 10 th Circuit, and it caught my eye. Since it went to a C...
Sunday, July 19, 2020

No Required Minimum Distributions For 2020

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There is a tax deadline coming up. It may matter to those who are taking required minimum distributions (MRDs) from your IRAs and certain ...
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Saturday, July 18, 2020

An Expiring Six Figure Tax Refund

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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

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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...
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