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, June 26, 2022

You Received An IRS CP2000 Notice

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I read a considerable amount on a routine basis. It might be fairer to say that I skim, changing it to a read if I think that something migh...
Monday, June 13, 2022

The Sum Of The Parts Is Less Than The Whole

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  I am looking at a case involving valuations. The concept starts easily enough: ·       Let’s say that your family owns a business.   ...
Sunday, June 5, 2022

Qualifying As A Real Estate Professional

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  The first thing I thought when I read the opinion was: this must have been a pro se case. “Pro se”” has a specific meaning in Tax Court:...
Monday, May 30, 2022

Reorganizing A Passive Activity

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  I am looking at a case that stacks a couple of different tax rules atop another and then asks: are we there yet? Let’s talk about it. ...
Monday, May 23, 2022

The IRS Caught Dumping A Collection Case

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Let’s look at a taxpayer win on an issue not known for taxpayer wins. Thomas Hamilton was an attorney and Edith Hamilton was a chaplain. T...
Saturday, May 14, 2022

Company’s Tuition Payment Was Not Deductible

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  Let me give you a fact pattern and you tell me whether there is a tax deduction. ·       You own a company. ·       A young man is dat...
Sunday, May 8, 2022

Part Time Bookkeeper, Big Time Penalty

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  We filed another petition with the Tax Court this week. For a client new to the firm. Much of this unfortunately was ICDIM: I can do i...
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Cincinnati Tax Guy
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