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, January 27, 2025

File A Return, Especially If You Have Carryovers

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  Please file a tax return when you have significant carryovers. Let’s look at the Mosley case. In 2003 Sonji Mosley bought four reside...
Sunday, January 19, 2025

Is This Reasonable?

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  I have long maintained that the IRS is unreasonable by repeatedly disallowing reasonable cause exception to its numerous penalties. Their ...
Monday, January 13, 2025

Government Forces Sale to Cover Partner’s Tax Debt

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  I was reading a case recently that bothered me. It involves something that – fortunately – I rarely see in practice. Here is the Code se...
Monday, January 6, 2025

Section 643 and MSTs

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  I came across the following recently on LinkedIn:   The line of tax code that 99% of CPAs can’t understand for some reason. And bec...
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...
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Cincinnati Tax Guy
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