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Understanding Unique Issues for Clergy Webinar

Summary

The tax code has unique provisions related to clergy and how they report income, expenses and credits. Regardless if you are a minister performing ministerial services or a self-employed person, all clergy earnings, wages, offerings and fees received for performing marriages, baptisms, funerals, etc., are subject to income tax. This course covers the basics of properly preparing clergy returns and aspects from the employer’s perspective pertaining to compensation, fringe benefits, accountable plans and payroll taxes.

Objectives

Upon completion of this course, you will be able to:

  • Identify who qualifies for special tax treatment as clergy
  • Apply the dual status nature of clergy
  • Categorize valid income and expenses for clergy
  • List the requirements for the housing allowance
  • Distinguish the unique treatment of employment taxes by churches
  • Identify income that is subject to self-employment tax
  • Differentiate between the use of Form 4361 and Form 4029

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.






   

Presented by: Les Marti, EA

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