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Clergy Taxation

Duration: 50 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 * 1 EA Federal Tax Law Topic
NASBA 0 CPA N/A
CTEC 1 CRTP Federal Tax Law Topic
CFP Board 1 CFP® 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: $25 for Members and $30 for Nonmembers
Summary
Clergy taxation has a set of rules all its own. From housing allowance to retirement income, you need to be sure you are properly reporting your clergy clients’ income and expenses. This 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. If you do taxes for priests or ministers, you should not miss this on-demand 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
  • Prepare a clergy member’s Form 1040

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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