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.
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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
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. http://www.irs.gov/Individuals/International-Taxpayers/Yearly-Average-Currency-E
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
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
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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