Tax Law (Questions About Taxes)/Expert Profile

John Stancil, CPA

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returns 11/02/2016

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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. In addition I am a Certified Mentor for SCORE. 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 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.


FICPA, NATP, NCPE Fellowship, Lakeland Business Leaders


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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John10/11/16101010Thank you for your kind and prompt .....
David09/29/16101010John, Thank you for the answers yesterday! .....

Recent Answers from John Stancil, CPA

2016-10-17 Taxes after death:

Michael,    Thanks for your question.    Any assets owned by the deceased would go to help pay the debt, including any life insurance, retirement plans or the like. If any assets had been recently transferred

2016-10-10 Personal tax:

Jay,    Thanks for your question.    Yes, that would be taxable income. Since the underlying property (the condo) is a capital asset, the buyout would be a capital gain, reported on Schedule D. There may

2016-10-07 taxes on outstanding 401k loan on death of participant:

Freida,    Thanks for your question.    Any time an employee takes out a loan against his 401(k) and terminates from service or dies, the balance of the loan is considered a distribution. Since you were

2016-10-05 taxes:

Jo,    Thanks for your questions.    Most of your questions can be answered at a blog that I wrote.    You will

2016-10-05 SEP IRA for clergy:

Rich,    Thanks for your question.    You are dual status, and part of what that means is that, for income tax, you are considered an employee. Since a SEP-IRA is based on being self employed for income


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