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.

Tuesday, March 23, 2021

When Is Divorce A Tax-Deductible Theft?

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  I am reading a case involving tax consequences from a divorce. More specifically, the (ex) wife trying to deduct $2.5 million as a theft...
Sunday, March 14, 2021

Withdrawing A Tax Court Petition

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  We have a case coming up in the Tax Court. Frankly it should never have gone this far. Much of it was COVID, I suspect. However, some of...
Friday, March 12, 2021

How Much Paperwork Does the IRS Want?

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Sometimes practitioners disagree on how much supporting paperwork – if any – should go with a tax return. The issue can take on a keener edg...
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...
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Cincinnati Tax Guy
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