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 recently retired from teaching 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 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 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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    K = Knowledgeability    C = Clarity of Response    P = Politeness
Beth07/28/14101010Tremendous help and knowledgeable answer. Lightning fast .....
David07/25/14101010Appreciate the promptness in response, even though .....
David07/25/141010Didn't address specifically the tax-exempt part of .....

Recent Answers from John Stancil, CPA

2014-07-25 Charitable Contributions - Mutual Funds:

Dave,    Thanks for your question.    In donating the mutual fund shares to a qualified charitable organization, you can take a deduction for the fair market value of the contribution, but you are limited

2014-07-25 Church giving pastor a van can it be considered income:

If the church gives it to an employee or the family member of an employee,it is taxable income.  I realize you may not consider the pastor an employee, but under IRS rules he is performing services for

2014-07-24 Estate Taxes:

Robert,    Thanks for your question.    Your cost basis is the fair market value as of date of death.  The tax can be paid by the estate or the beneficiaries. It results in less tax if the beneficiaries

2014-07-24 Church giving pastor a van can it be considered income:

Annette,    Thanks for your question.    The van would be taxable income to the pastor and a W-2 should be issued to him for the fair market value of the van.     Hope this helps.    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


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