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.

Monday, December 30, 2024

The IRS Goes Rounds With Cohan

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  The decision begins with the IRS seeking taxes of $805,149, $1,145,104, $1,161,864, and $831,771 for years 2013 through 2016. The penaltie...
Saturday, December 28, 2024

The Old Three And Two

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  You will recognize the issue. During 2017 Mary deNourie worked at a retail store. She had wages of $11,516 and social security of $7,559...
Sunday, December 22, 2024

Tomato Supplier Must Change Accounting Method

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  Let’s talk about when we can deduct something on a tax return. We are talking about accrual accounting. Cash accounting would be easy: y...
Monday, December 16, 2024

An Accounting Firm Gets Sued

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I just saw that Baker Tilly has acquired Seiler LLP, a CPA firm located in San Francisco and practicing for well over half a century. Ther...
Saturday, December 7, 2024

Why Do We Keep Vehicle Logs?

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   November proved to be an interesting month here at Galactic Command. Everything changes; we have changed; there is sadness about the ch...
Sunday, November 24, 2024

An IRS Employee And Unreported Income

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  You may have heard that Congress is tightening the 1099 reporting requirements for third party payment entities such as PayPal and Venmo...
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