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 teach tax and accounting at a small church-related 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 part time tax practice for over 35 years. I am a member of the National Association of Tax Professionals, The NCPE Fellowship, and the Institute of Management Accountants. Visit my website at www.johnstancilcpa.com. Also visit my blog, www.thetaxdocspot.com. Prepare and file your own taxes at www.1040stancilcpa.com
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.
FICPA, IMA, NATP, NCPE Fellowship
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
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.
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.
It was not until WWII that the income tax became a mass tax. Prior to that time, only the very wealthy paid income taxes.
|Chris||03/06/14||10||10||10||This expert sure knows his business! Thanks .....|
|Joe||03/03/14||10||10||10||Thanks for your timely response. It is .....|
|Anita||03/02/14||10||10||10||Thank you very much.|
|Gary||02/28/14||10||10||10||Thanks, John, for your very timely and .....|
Gerald, Thanks for your question. It appears that you sold the assets of the business but not the business itself, meaning you still own the Corporation itself. For 2012, you should report on
Anita, Thanks for your question. Since the money was paid the the estate, you should file an estate tax return Form 1041. Each beneficiary should receive a Form K-1 from the estate. You may
OJ, Thanks for your question. No, that is not correct. The $3,950 (went up this year) income limitation only applies when someone is qualifying as a dependent under the qualifying relative criteria
Martin, Thanks for your question. Assuming that the bonds are not tax free bonds, you can take the gain and the loss on each respective bond. If one or both is a tax free bond, you have a taxable
Gary, Thanks for your question. That is correct. Compute your unreimbursed expenses and enter them on Form 2106. Carry that amount to line 21 of Schedule A. You will only be able to deduct those
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