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, August 29, 2021

Abusing A Tax-Exempt

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I am looking at a tax-exempt case that went off the rails. There are rules in the tax-exempt area to encourage one to keep their nose clea...
Sunday, August 15, 2021

"I Never Heard Of The Alternative Minimum Tax"

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  I am looking at a case that involves the alternative minimum tax. While it still exists, much of the steam has thankfully been taken out...
Sunday, August 8, 2021

Wiping Out An Inherited IRA

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I came across an unfortunate tax situation this week. It has to do with IRAs and trusts. More specifically, naming a trust as a benefici...
Sunday, August 1, 2021

Taxation of Olympic Winnings

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The summer Olympics are going on in Tokyo. I have watched little of the competitions. As I have gotten older, I watch less and less televisi...
Sunday, July 25, 2021

Penalties, Boyle and “Reductio Ad Absurdum.”

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  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

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  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

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