Preparing Tax Returns for Ministers

Preparing Tax Returns for Ministers

Ministers sit in a unique seat when it comes to their tax-reporting requirements. As a dual-status taxpayer, ministers require proper tax handling of items pertaining particularly to them.

Tax professionals should be aware that, in many cases, churches use volunteers to function as treasurers. Such volunteers may be unfamiliar with tax law and the implications of tax treatment for items pertaining to their ministerial staff.

Tax professionals who learn the correct handling of ministers taxes set themselves apart from average tax preparers unskilled in this arena. So, who is a minister? These and other legal questions are answered in Preparing Tax Returns for Ministers: A Handbook for Tax Professionals.

This book covers:

The Unique Challenge of Ministers' Taxes
Definition of Minister
A Minister's Vow of Poverty
Determining a Minister's Employment Status
Exemption from Social Security and Medicare
Housing, Rental, or Parsonage Allowances
Office in Home Deduction
Car and Mileage Allowances
Retirement Considerations
When a Minister Might Receive a 1099-MISC

... and more
Country USA
Manufacturer Lighthouse Publishing of the Carolinas
Binding Paperback
EANs 9781938499241
ReleaseDate 0000-00-00

Country	USA
Manufacturer	Lighthouse Publishing of the Carolinas
Binding	Paperback
EANs	9781938499241
ReleaseDate	0000-00-00

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