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, October 26, 2020

No Shareholder, No S Corporation Election

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  Our case this time takes us to Louisville. There is a nonprofit called the Waterfront Development Corporation (WDC). It has existed sinc...
Saturday, October 17, 2020

The Tax Doctrine Of The Fruit And The Tree

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  I am uncertain what the IRS saw in the case. The facts were very much in the taxpayer’s favor. The IRS was throwing a penalty flag and a...
Saturday, October 3, 2020

Losing A Tax Exemption

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The taxation of tax-exempts can sometimes be tricky. The reason is that a tax-exempt can – depending on the facts – owe income tax. This t...
Sunday, September 20, 2020

A Failed E-Filed Return Hit With Penalties

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  I have noticed something about electronic filing of tax returns, especially state returns: there is a noticeable creep to demanding more a...
Sunday, September 6, 2020

Abatement Versus Refund

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  I was contacted recently to inquire about my interest in a proceduralist opportunity. That raises the question: what is a proceduralist?...
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...
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Cincinnati Tax Guy
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