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, July 25, 2021

Penalties, Boyle and “Reductio Ad Absurdum.”

In logic there is an argument referred to as “reductio ad absurdum.” Its classic presentation is to pursue an assertion or position until ...

Sunday, July 18, 2021

A Day Trader and Wash Losses

We have had a difficult time with the tax return of someone who dove into the deep end of the day-trading pool last year. The year-end Fid...

Saturday, July 10, 2021

Exceptions to Early Distribution Penalties

What caught my eye about the case was the reference to an “oral opinion.” Something new, methought. Better known as a “bench opinion.’...

Sunday, June 27, 2021

IRS Rejects A Religious Organization’s Tax-Exempt Application

We have a nonprofit application for exempt status that has gone off the rails. The reviewing (IRS) officer wanted them, for example, ...

Sunday, June 20, 2021

Downside Of Not Issuing 1099s

Let’s be honest: no one likes 1099s. I get it. The government has conscripted us – business owners and their advisors – into unpaid volunt...

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Cincinnati Tax Guy

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