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 28, 2021

Your 2020 Tax Return and the Stimulus Payments

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  Let’s talk about your 2020 personal tax return and the two stimulus payments that you (may have) received. The first round of stimulus c...
Sunday, February 14, 2021

What Does It Mean To File A Return?

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  The IRS generally has three years to examine a return and assess additional taxes after it has been filed. This can put pressure on whet...
Sunday, January 31, 2021

Abandoning A Partnership Interest

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I suspect that most taxpayers know that there is a difference between long-term capital gains and ordinary income. Long-term capital gains r...
Sunday, January 24, 2021

How To Forfeit an IRS Collection Due Process Hearing

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I am looking at a Tax Court case. I presume it was an act of desperation by the taxpayer, otherwise it makes no sense. Let’s say that yo...
Monday, January 18, 2021

Can You Tell When You Are Being Audited?

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  I am looking at a Tax Court pro se decision. Pro se means that the taxpayer represents himself or herself. Technically, that is explan...
Sunday, January 10, 2021

IRS Collection Statute Expiration Date (CSED)

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  I consider it odd. I have two files in my office waiting on the collection statute of limitations to expire. It is not a situation I o...
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