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 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
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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Ken, Thanks for your question. 1. Yes, you may provide a portion of the fee as housing allowance. The fact he is local is of no consequence in this case. 2. This is not really a factor here.
Thanks for your question. If the social security check was made payable to the decedent, it should be included on his/her final 1040. But if below the filing threshold, no return is required. Otherwise
Patricia, Thanks for your question If you are 70, that is the correct number for your RMD. However, that is only the minimum. You may withdraw more. You may invest the finds in a money market
Ariel, Thanks for your question. Assuming he is the custodial parent and otherwise qualifies for head of household, that status could be used. I don't know what exceptions you refer to, but his
Chris, Thanks for your question. You have very limited options at this point. You state that the business had startup expenses. Normally those are not deductible as expenses but must be amortized
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