Tax Law (Questions About Taxes)/Expert Profile

John Stancil, CPA

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returns 08/25/2015

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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, and the Institute of Management Accountants. 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 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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Scott07/29/15101010Great explanation. Thanks!
Vicki05/19/15101010This is the second time that John .....
Mary05/06/15101010I appreciate your willingness to be available .....
Alan05/05/15101010John, That's the answer I was hoping .....

Recent Answers from John Stancil, CPA

2015-07-27 Taxability of pastor taking a group to Israel:

Michael,    Thanks for your question.    The discounts are not taxable income. It's kind of like iif you are buying a car. The sticker price is $30,000, but you negotiate a price of $25,000.the $5,000

2015-07-17 Question regarding taxation of LLC:

Scott,    If a member of the partnership withdraws more than his allocated share of the profits, the excess is treated as a withdrawal of capital and not taxable. If he withdraws more than his capital

2015-05-21 gift tax:

Ang,    Thanks for your question.    The gift tax and the income tax are two unrelated taxes. You do not get a deduction on your income tax return for a gift. Similarly, the recipient does not report the

2015-05-06 Future tax issues for property owned in a trust which is a partnership asset:

Mary,    Thanks for your question.    You will have to obtain a valuation of the business as of the date of death. You can hire a business valuation specialist or do it yourself. Here is a quick overview

2015-05-05 Is Disability Insurance taxable in New Jersey?:

Alan,    Thanks for your question.    When you picked a state to live in, you chose well for your situation. The state of NJ does not tax disability benefits, even if subject to federal tax. Also, just


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