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 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
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 35 years and have taught accounting and tax at the college level for over 35 years.
FICPA, NATP, NCPE Fellowship
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
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.
|Kenneth||08/23/15||10||10||10||Thanks for the reply!|
|Mary||08/20/15||10||10||10||Thank you for that really fast response .....|
|Laura||08/17/15||10||9||10||John did an excellent job of answering .....|
Clint, Thanks for your question. If you are being paid for rendering services, that is taxable income, so the grass cutting etc, is taxable income. The school should provide a W-2. The scholarship
The K-1 should not reflect the basis, as outside basis is not necessarily known to the trustee or to the company. It would simply show the proceeds. I'm not sure why the appraiser gave the basis due
Jared, Thanks for your question. If you provide over half the support for your daughter and she lived in your household more than half the time you can claim a dependency exemption and file as head
Laura, Thanks for your question. If he sells the house to you for less than the fair market value, the additional amount is considered a gift. Your father is allowed to give you $14,000 per year
Alan, Thanks for your question. There is no dollar limit. However, a withdrawal and deposit such as you mention is considered a rollover. You are limited to one rollover per 12 months for all your
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