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, October 2, 2022

The Obamacare Subsidy Cliff

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  I am looking at a case involving the premium tax credit. We are talking about the Affordable Care Act, also known as Obamacare. Obamac...
Sunday, September 25, 2022

An Intelligence Site, A Tax Treaty, and a Closing Agreement

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I am looking at a case involving IRS closing agreements and the U.S. Pine Gap facility in Australia. It gives us a chance to talk about cl...
Sunday, September 18, 2022

No Penalty Abatement When Taxes Not Paid For Years

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  I am looking at a case where the taxpayers wanted penalty abatement for reasonable cause. I have been cynical for years about the IRS al...
Sunday, September 4, 2022

A Penalty Against A Tax Preparer

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  Did you know that the IRS can assess penalties against a tax preparer as well as a taxpayer? I am looking at an IRS Chief Counsel Memora...
Sunday, August 28, 2022

Repaying a COVID-Related Distribution

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Do you remember a tax break in 2020 that allowed you to take (up to) $100,000 from your IRA or your employer retirement plan? These were cal...
Sunday, August 14, 2022

A Foreclosure And A Mortgage Interest Deduction

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I am looking at a case involving mortgage interest. While I get the issue, I think the taxpayers got hosed. I am going to streamline the det...
Wednesday, August 10, 2022

Collections and Hutzpah

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  An old partner of mine would have called it “hutzpah.” The case is ridiculous, but it does give us a chance to review the tolling of the...
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Cincinnati Tax Guy
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