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, May 30, 2021

Talking Tax Levies

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I don’t see it very often. I am referring to an IRS bank levy. However, when it happens it can be disrupting. Let’s distinguish betwee...
Sunday, May 23, 2021

Sell Today And Pay Tax in Thirty Years

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Sometimes I am amazed to the extent people will go to minimize, defer or avoid taxes altogether. I get it, though. When that alarm clocks ...
Sunday, May 16, 2021

You Have To Look At Your Return

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I am looking at a case that covers relatively well-trod ground. It did however remind me of a client from around 20 years ago. I got a diffe...
Sunday, May 9, 2021

IRS Challenges Rent In A Small Town

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Let’s look at a case involving rent. What sets this up is a C corporation in Montana. A C corporation means that it pays its own tax. Co...
Sunday, May 2, 2021

Divorced Parents And A Dependent Child

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  It is one of my least favorite issues in tax practice. Who is entitled to a dependent? Granted, there is no longer a dependency exempt...
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...
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