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, April 25, 2021

Tax Court And Delivery Services

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  We sent a petition to the Tax Court on Friday. It needs to arrive by Monday. Technically, the petition does not have to arrive Monday, a...
Saturday, April 17, 2021

Racing As A Trade Or Business

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  I am reading a case that made me grimace. The following is a total NO-NO if you are unfortunate enough to be selected for audit: As part...
Sunday, April 4, 2021

Income and Credit Card Rebates

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I am reading a case so unique that I doubt there is much takeaway taxwise, other than someone beat the IRS. What gets the story started is...
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...
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Cincinnati Tax Guy
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