Tax Law (Questions About Taxes)/Expert Profile

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John Stancil, CPA


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I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I am Professor Emeritus at Florida Southern College. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a CPA practice, specializing in tax, for over 35 years. I am a member of the National Association of Tax Professionals, The Florida Insititute of CPA's, The NCPE Fellowship, and the Institute of Management Accountants. Visit my website at I also offer seminars and consultations to churches and clergy on their tax issues at Also visit my blog, I am listed on Tax Connections at Prepare and file your own taxes at

Experience in the area

I hold a doctorate in Accounting, and three professional certifications: CPA, CMA,and CFM. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I have operated a CPA firm for over 35 years and have taught accounting and tax at the college level for over 35 years.




The CPA Journal, Florida CPA Today, Green Consumer, Green Business, Global Sustainability as a Business Imperative, Palmetto Review, NATP TaxPro Quarterly, Mustang Journal of Finance and Accounting.


DBA University of Memphis MBA University of Georgia BS in Accounting Mars Hill University

What do you like about this subject?

I enjoy the dynamic nature of taxation, and the fact that it is always changing. I also enjoy helping citizens minimize their taxes, so they only have to pay the legally required minimum amount.

What do you still hope to achieve/learn in this field?

One can never know all the tax law, so I hope to increase what I do know, and keep up with relevant changes in the law.

Something interesting about this subject that others may not know:

It was not until WWII that the income tax became a mass tax. Prior to that time, only the very wealthy paid income taxes.

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    K = Knowledgeability    C = Clarity of Response    P = Politeness
Susan775510/25/14101010 Thank you for your prompt replies .....
Kenneth10/24/14101010John has been amazing to deal with .....
Lou10/20/14101010John, Thank you for the quick reply .....
Eric10/20/14101010Thanks for the concise and prompt answer .....

Recent Answers from John Stancil, CPA

2014-10-24 Distributions:

Kenneth,    You might want to structure the whole thing as an investment club. IRS Publication 550 has some information on Investment Clubs.

2014-10-21 amendment and form 982:

James,    Thanks for your question.    If you included the 982 with your original return, I do not understand why the IRS did not accept it, unless the form was not completed properly.    First, if the

2014-10-19 401k and taxes:

Lou,    Thanks for your question.    Unfortunately, a 401(k) is always tied to your employer and you can only make contribution to the plan as an employer.  As an employee, your options for a retirement

2014-10-19 foreign retirement package:

Eric,    Thanks for your question.    You would report that on line 16, just as you would with a domestic pension plan.  However, you need to consult a tax advisor (CPA or enrolled agent) about how much

2014-10-18 Real estate gifts:

Donna,    Thanks for your question.    I would find another accountant.  When a gift is given, it must be without any strings. Your agreement for her to gift it back to you in eight years renders the original


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