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. 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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Francis06/24/16101010Mr. Stancil was a great help in .....
Alex06/16/16101010Very helpful. Thank you.
Kenneth06/04/16101010Thanks for the reply!

Recent Answers from John Stancil, CPA

2016-06-23 taxes owed from home sale:

Rainer,    Thanks for your question.     Her basis in the home is the fair market value as of date of death. If the sale price minus costs of sale exceeded this value, you would pay tax on the excess.

2016-06-23 C-Corp liquidating distribution:

Jason,    Thanks for your question. My first advice is to call in someone to guide you on this.    The 5k in capital stock is not relevant in this case. That represents at least a portion of outside basis

2016-05-28 depreciation recapture:

Sue,    Thanks for your question.    Yes, you will need to recapture depreciation on any asset that is sold. You will need to assign a sales price to each asset, or allocate the sales price based on the

2016-05-19 tenant asking for W9:

Thanks for your question.    The tenant is not required to provide you a form 1099 in most circumstances. Therefore there is no legitimate need for him to obtain your EIN or Social Security number. Doing

2016-05-18 Schedule E:

A huts,    Thanks for your question.    Take all your deductions on Schedule E. Any disallowed losses will carryforward to future years. Your specific situation would dictate how these are handled , so


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