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 teach tax and accounting at a small church-related 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 part time tax practice for over 35 years. I am a member of the National Association of Tax Professionals, The NCPE Fellowship, and the Institute of Management Accountants. Visit my website at Also visit my blog, Prepare and file your own taxes at

Experience in the area

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.




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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Recent Answers from John Stancil, CPA

2014-07-20 Substantiating a non-cash charitable donation:

Andrew,    Thanks for your question.     The way it works in practice is that you attach a detailed listing to the receipt provided by the organization - 12 men's dress shirts, 3 handbags, etc.  you don't

2014-07-16 1099:

Francis,    Thanks for your question.    Probably not too bad. The penalty against the company varies from $30 to $100 per form ($500,000 maximum per year), depending on how long past the deadline the

2014-07-07 charitable donations - can no longer itemize:

THeo,    Thanks for your question.    You must deduct the charitable contributions in the year the donation was made.  However, many people in your situation "bunch" their contributions. Give nothing in

2014-07-06 Nanny taxes:

Stephen,    Thanks for your question.    1. You should report her earnings and related expenses on Schedule C. You will calculate the self-employment taxes on Schedule SE.      2. Determine her estimated

2014-07-05 Selling a rental home:

Linda,    Thanks for your question.    It depends on its use at the time it was sold. If it was still a rental property, use Form 4797.  You would then transfer the gain to Form 8949/Schedule D.    Don't


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