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 1, 2023

A Current Individual Tax Audit

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  We have an IRS audit at Galactic Command. It is of a self-employed individual. The self-employeds have maintained a reasonable audit rate,...
Tuesday, September 19, 2023

A Bad Idea

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I am reading an abstract for an upcoming article in the Southern California Law Review. When an electricity provider wants customers to pa...
Sunday, September 17, 2023

Unforced Error on Short Stop

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  I am reading a case concerning interest expense. While I have seen similar accounting, I do not recall seeing it done as aggressively. L...
Sunday, September 3, 2023

Waiting Too Long For Refund Of Excess Withholdings

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It happens when someone fails to file with the IRS. It might be a “sleeping dog” rationalization, but people will allow a string of tax year...
Monday, August 28, 2023

The Augusta Rule And Renting To Yourself

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I came across the Augusta rule recently. This is Code section 280A(g), the tax provision that allows one to rent their home for less than ...
Monday, August 14, 2023

Why You Always Use Certified-Mail For A Paper-Filed Return

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Just about all tax returns are moving to electronic filing. It makes sense. Our server sends a return to the government server, starting t...
Monday, August 7, 2023

Can You Have Income From Life Insurance?

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  I was looking at a recent case wondering: why did this even get to court? Let’s talk about life insurance. The tax consequences of lif...
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Cincinnati Tax Guy
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