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, March 26, 2023

Renting a Home Office To An Employer

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A client asked about the home office deduction last week. This deduction has lost much of its punch with the Tax Cuts and Jobs Act of 2017...
Sunday, March 19, 2023

A Too Rare Taxpayer Win Over Foreign Reporting

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I have become cynical about IRS penalties. Like many accountants, I initially learned that penalties were in the system as a deterrent. If...
Sunday, March 12, 2023

Self-Sabotaging A Penalty Abatement

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  The opinion is two and a half pages. It is one of the shortest opinions I have seen. That was – frankly – what caught my interest. Fra...
Sunday, February 26, 2023

Navigating The Tax Code On Your Own

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  I received a phone call recently from the married daughter of a client. I spoke with the couple – mostly the son-in-law – about needing an...
Sunday, February 19, 2023

A Brief History of Limited Partner Self-Employment Tax

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  There is a case going through the courts that caught my eye. It has to do with limited liability companies (LLCs). More specifically, it...
Monday, February 6, 2023

You Must Give The IRS Time

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I understand the court’s decision, but I suspect the most interesting part is how this case even got to court. The issue is almost prosaic...
Monday, January 30, 2023

Donating Cryptocurrency

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  I was reading something recently, and it reminded me how muddled our tax Code is. Let’s talk about cryptocurrency. I know that there is ...
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Cincinnati Tax Guy
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