Tax Law (Questions About Taxes)/Expert Profile

John Stancil, CPA

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returns 04/23/2015

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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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    K = Knowledgeability    C = Clarity of Response    P = Politeness
Ros04/07/1510Please delete this question and answer because .....
Judy03/28/15101010Thanks for your help.
Ellen03/26/15101010OK. Thank you so much!

Recent Answers from John Stancil, CPA

2015-03-28 Gift/Estate Taxes:

Ray,    Thanks for your question. No, that is not correct.    There are two exclusions available from the gift tax.  First is an annual exclusion of $14,000.  If the fair market value of the gift is not

2015-03-28 1099 PATR:

Judy,    Thanks for your question.    The property taxes may be deducted, either on Schedule A or the business return (if applicable) . The nature of the investment in the land determines if the interest

2015-03-26 fix address:

Ellen,    Thanks for your question.     If it was his error, he should fix it.  However, you can submit Form 8822 to the IRS for a change of address. I don't know what state you are in, but I would imagine

2015-03-25 deduction for sewer damage:

Julie,    Thanks for your question.    The loss may be deductible, but it might not do you any good. First, any loss covered by insurance is not deductible to the extent the insurance would cover the loss

2015-03-25 Sale of home:

The basis of the condo as a rental is $199,400 minus the value of the common areas minus any depreciation allowed or allowable. He has a taxable gain.  Depreciation does not exclude gain. Any depreciation


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