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About John Stancil, CPA
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 teach tax and accounting at a small church-related 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 part time tax practice for over 30 years. I am a member of the AICPA, National Association of Tax Professionals, and the Institute of Management Accountants. Visit my website at www.johnstancilcpa.com. Also visit my blog, www.thetaxdocspot.com.

Experience
I hold a doctorate in Accounting, and four professional certifications: CPA, CMA, CFM, and CIA. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I write a monthly tax column for the local newspaper. I have prepared taxes for over 30 years.

Education/Credentials
DBA University of Memphis MBA University of Georgia BS in Accounting Mars Hill College

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Tax Law (Questions About Taxes) - Tax ID for deceased and Trust transfers

Expert: John Stancil, CPA - 11/8/2009

Question
My 98 yr old mother passed away recently. I am on her checking and saving accounts. Do I need to get a tax ID for my mother's accounts, so I will not be liable for being taxed on her money as income of mine? Also two homes were placed in revocable trusts. What do I need to do to get those homes transfered into the names of the children the trusts were set up for?

Answer
Patti,

Thanks for your question.

You need to get a taxpayer ID number for the estate and for the trusts.

Transferring the homes into the names of the beneficiaries is a legal matter. As a CPA and not an attorney, I am prohibited by law from answers non-tax legal questions.

Hope this helps.

John Stancil, CPA

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