Tax Law (Questions About Taxes)/Expert Profile


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John Stancil, CPA

U.S.
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Expertise

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 www.mybaldcpa.com. I also offer seminars and consultations to churches and clergy on their tax issues at www.churchtaxsolutions.com Also visit my blog, www.thetaxdocspot.com. I am listed on Tax Connections at https://www.taxconnections.com/profile/John-Stancil/12258973 Prepare and file your own taxes at www.1040stancilcpa.com

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.

Organizations

FICPA, NATP, NCPE Fellowship, Lakeland Business Leaders

Publications

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.

Education/Credentials

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
UserDateKCPComments
Chris01/18/17101010John's response was timely and clear! I .....
Nicole01/16/17101010Very quick to respond and precise with .....
Chloe01/14/17101010Thanks so much for the clarification!! Super .....
Chloe01/14/171010Thank you so much for responding so .....
Barry01/13/17101010 

Recent Answers from John Stancil, CPA

2017-01-17 when to discard tax documents:

Chris,    Thanks for your question.    The statute of limitations for tax returns is 3 years from the due date or date filed, whichever is later. Keeping documents longer than that is not necessary unless

2017-01-16 Can i claim my children if not HOH:

Nicole,    Thanks for your question.    If you are in a recognized common law marriage, you are considered married for federal tax purposes. You may file a separate return and claim all three children

2017-01-14 Capital Gains Tax Confusion:

The zero rate would apply up to $37,650 of taxable income, the 15% rate would apply from there to $415,050 of taxable income, anything above that would be subject to 20%. The additional 3.8% would apply

2017-01-14 Capital Gains Tax Confusion:

Chloe,    Thanks for your question.    I presume you are single and that you lived in the home for 24 of the past 60 months to qualify you for the exclusion from the sale of your primary residence. Based

2017-01-06 Estate tax form:

Susan,    Thanks for your question.    The Form 1041 is to report income from assets owned by the estate, or distributions to beneficiaries,    It is due the 15th day of the 4th month after the end of

 

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