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, April 30, 2023

Do Not Do This When Buying Disability Insurance

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  It is a tax trap. An employer thinks that they are doing a boon for their employees by providing a tax-exempt fringe benefit. Where is t...
Thursday, April 27, 2023

Losing A Casualty Loss

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  I have stayed away from talking about casualty losses. To be fair, one needs to distinguish business casualty losses from personal casua...
Saturday, April 22, 2023

Blowing Up A Charitable Remainder Trust

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I was helping a friend (and fellow CPA) with a split-interest trust this busy season. Let’s review the tax jargon in this area. A split-...
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...
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Cincinnati Tax Guy
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