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 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 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

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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Charlotte09/26/15101010Thank you so very much. You have .....
Shone09/26/15101010As usual, John was excellent, thorough and .....
Shone09/24/15101010Excellent, excellent, excellent once again!! Thanks so .....
Shone09/21/15101010Thanks so very much for your help .....

Recent Answers from John Stancil, CPA

2015-09-25 C Corp:

Javier,    Thanks for your question.    From a tax standpoint, the only thing that happens at that point is the transfer of ownership of the shares in the corporation.     The basis in the shares is the

2015-09-23 Form 2555-EZ:

The income your earned in December 2014 and received in January 2015 should be INCLUDED in your 2015 return.    See this for info on the exchange rates.

2015-09-23 Form 2555-EZ:

You would use the amount actually paid to you in the calendar year. US individual taxpayers operate on the cash basis of accounting. You can use an average rate for the entire year. Apologize for missing

2015-09-23 Form 2555-EZ:

Shone,    Thanks for your question.    You only include the income you received in 2014, as reflected on your W-2.    Hope this helps.    John Stancil, CPA

2015-09-20 Obamacare Tax:

Citation of one section of the tax code does not automatically othersections. To qualify for the exemption, you must be physically present in a foriegn country for 330 days in the calendar year. Period


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