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 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 35 years and have taught accounting and tax at the college level for over 35 years.


FICPA, 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

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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Kenneth08/23/15101010Thanks for the reply!
Mary08/20/15101010Thank you for that really fast response .....
Laura08/17/151010John did an excellent job of answering .....

Recent Answers from John Stancil, CPA

2015-08-24 church pre-school tax:

Clint,    Thanks for your question.    If you are being paid for rendering services, that is taxable income, so the grass cutting etc, is taxable income. The school should provide a W-2. The scholarship

2015-08-19 Future tax issues for property owned in a trust which is a partnership asset:

The K-1 should not reflect the basis, as outside basis is not necessarily known to the trustee or to the company. It would simply show the proceeds.    I'm not sure why the appraiser gave the basis due

2015-08-17 Dependants:

Jared,    Thanks for your question.    If you provide over half the support for your daughter and she lived in your household more than half the time you can claim a dependency exemption and file as head

2015-08-13 gifts of equity:

Laura,    Thanks for your question.    If he sells the house to you for less than the fair market value, the additional amount is considered a gift. Your father is allowed to give you $14,000 per year

2015-08-05 Loan Fron IRA:

Alan,    Thanks for your question.    There is no dollar limit.  However, a withdrawal and deposit such as you mention is considered a rollover. You are limited to one rollover per 12 months for all your


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