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 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
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.
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Kate, Thanks for your question. 1. You could convert the amount to a Roth. I, personally, am a big fan of Roth accounts, so it is something I would definitely recommend. The income limitations
If you make the gift in 2014, the return for 2014 musts be filed between January 1, and April 15, 2015. Filing a gift tax return would only create an audit situation for the gift tax return. In a situation
Kelly, Thanks for your question. Yes, you must file a Form 709 even though there is no tax due. You are required to do so because the gift reduces your remaining lifetime limit. However, you do
Jordan, Thanks for your question. After the end of the year, you will get some 1099-R forms from the trustee for your IRA accounts. Simply input the information from those forms and it should handle
Lisa, Thanks for your question. First, you do not have to issue a 1099 for services performed if the one providing the services is a business. In other words, if I have John's Painting Co. and you
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