You are here:
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 30 years. I am a member of the AICPA, National Association of Tax Professionals, and the Institute of Management Accountants. Visit my website at www.johnstancilcpa.com. Also visit my blog, www.thetaxdocspot.com.
I hold a doctorate in Accounting, and four professional certifications: CPA, CMA, CFM, and CIA. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I write a monthly tax column for the local newspaper. I have prepared taxes for over 30 years.
DBA University of Memphis MBA University of Georgia BS in Accounting Mars Hill College
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.
| User | Date | K | C | T | P | Comments |
|---|---|---|---|---|---|---|
| ken | 11/07/09 | 10 | 10 | 10 | 10 | Thank you again for the prompt and ..... |
| ken | 11/07/09 | 10 | 10 | 10 | 10 | Clearly understands the situation and responded promptly ..... |
| Brenda | 11/06/09 | 10 | 10 | 10 | 10 | |
| Joanne | 11/05/09 | 9 | 9 | 10 | 10 | |
| Jeff | 11/05/09 | 10 | 10 | 10 | 10 |
Lincoln, Thanks for your question. Since it is not a partnership or an LLC, it is simply a joint venture. Each of you reports half the revenue and half the expenses on Schedule E of your 1040.
Ken, Thanks for your question. First off, under the arrangement you have outlined, he would not be an independent contractor, but an employee. Since he is providing management services and is required
I can't speak for the insurance company, but my wife is on disability, I have done numerous returns that included disability income and none of them have ever paid FICA tax. I don't have a citation for
Amitabh, Since the statute of limitations does not begin until the return is filed, they are required to file for all past years. Filing for the last three (for example) could trigger an investigation
Brenda, Below is my original answer. Please ignore the "4" after January. Sorry for any confusion. Thanks for your question. You will need to file Schedule C with your 1040 to report your income
Answers by Expert:

©2009 About.com, a part of The New York Times Company. All rights reserved.