Tax Law (Questions About Taxes)/Expert Profile


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John Stancil, CPA

U.S.
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Expertise

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. In addition I am a Certified Mentor for SCORE. Visit my website at www.mybaldcpa.com. I also offer seminars and consultations to churches and clergy on their tax issues at www.churchtaxsolutions.com Also visit my blog, www.thetaxdocspot.com. I am listed on Tax Connections at https://www.taxconnections.com/profile/John-Stancil/12258973 Prepare and file your own taxes at www.1040stancilcpa.com

Experience in the area

I hold a doctorate in Accounting, and am a CPA. My certifications of CIA, CFM, and CMA are inactive. 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 37 years and have taught accounting and tax at the college level for over 35 years.

Organizations

FICPA, NATP, NCPE Fellowship, Lakeland Business Leaders

Publications

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.

Education/Credentials

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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Recent Reviews from Users

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    K = Knowledgeability    C = Clarity of Response    P = Politeness
UserDateKCPComments
Rodrigo03/22/17101010John is simply THE Best!
Jeff03/19/17101010Thank you John. I would like to .....
Frank03/18/17101010John, Thank you so much for your .....
bill03/17/17101010 
Daniel03/17/17101010Very fast and helpful reply. Thank you!

Recent Answers from John Stancil, CPA

2017-03-20 Housing allowance.:

Randy,    Thanks for your question.     If you are ordained, your housing allowance is limited to actual amounts spent for housing or the fair market rental value. It must be designated in advance by n

2017-03-19 Earned Income Credit:

Jeff,    I wouldn't say it disqualifies her, but one of the due diligence requirements askscif income is sufficient to support her. You would have to answer that with a no, and explain the answer. Could

2017-03-18 Partnership K-1:

Frank,    Thanks for your question.     There is a simple answer with a complex solution. The K-1 should be issued to your IRA, not to you. The IRA is a separate tax entity.    If the IRA had earning in

2017-03-16 Sale of foreign Land - Taxes in US:

Juan,    Thanks for your question.    You have a number of issues. The situation is too complex for me to cover this in detail, but I will try to point you in the right direction.    1. You will need to

2017-03-15 1099c:

The identifiable event is the cancellation date.    I don't do partial returns, only the full return. There is too much interaction between forms and I am not comfortable preparing part of a return. Rates

 

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