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Clergy Tax Complications

 
Duration: 100 minutes
Course Level: Intermediate
Prerequisite: Basic knowledge of individual income taxation
Advanced Preparation: None
Delivery Method: Self-Study 
 
CPE Credits Designation Field of Study
IRS *2EAFederal Tax Law Topic
NASBA0CPAN/A
CTEC2CRTPFederal Tax Law Topic
CFP Board2CFP®Income Tax Planning

* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.

Fees: $52 for Members and $64 for Nonmembers
 
Summary
Clergy taxation has a set of rules all its own. From housing allowance to retirement income, tax professionals need to be sure they are properly reporting their clergy clients’ income and expenses. This on-demand webinar is designed to review the tax situations specific to clergy and to teach the tax professional how to properly prepare a clergy member’s individual income tax return. This on-demand webinar also walks through a detailed example of the implications applicable to clergy tax returns. Tax professionals who do taxes for priests or ministers shouldn’t miss this webinar!
 

Objectives
Upon completion of this on-demand webinar, you will be able to:

  • Identify various potential sources of clergy members’ income.
  • Allocate expenses among the various sources of clergy income.
  • Determine the potential tax impact of housing allowances.
  • Determine the tax impact of electing out of self-employment tax.

Presenter: Steven (Steve) O'Rourke, EA

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PO Box 8002, Appleton, WI 54912-8002 Phone: 800.558.3402 Fax: 800.747.0001

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