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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    K = Knowledgeability    C = Clarity of Response    P = Politeness
Miss S. Wilson12/03/16101010 
Miss Wilson12/01/16101010Thank you so much, Mr. Stancil.
James11/29/16101010Timely and very well versed, informative response .....
K11/06/16101010Thanks for your reply, K

Recent Answers from John Stancil, CPA

2016-11-29 What's considered "income"?:

James,    Thanks for your question.    The funds from your father are not taxable income to you, but he may need to file a gift tax return. No tax would be due on that amount, but since it exceeds the

2016-11-21 IRAs:

John,    Thanks for your question.    Withdrawals from an IRA do not preclude you from making deductible contributions to an IRA. So from the standpoint of your own IRA's you can do everything as you have

2016-11-21 inherited IRAs:

Bill,    Thanks for your question. Since you are 60, I presume your father was already taking distributions.    You cannot convert the IRA's to your own. You have two options:    1. You can cash in the

2016-11-21 taxability of inheritance:

Bill,    Thanks for your question.    When you inherited the house, your cost basis became the fair market value of the house on the date of death. Also, for tax purposes, this is considered a long term

2016-11-17 Blog & Plant Nursery business question:

Los,    Thanks for your question.    Start up and organizational expenses are specifically defined in tax law. These expenses cannot be currently deducted but must be amortized separately over a 180 month


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