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Clergy Taxation Self-Study

Summary

The Tax Code has unique provisions related to clergy and how they report income, expenses and credits. This course covers the basics of properly preparing clergy and minister returns. You’ll also learn about compensation, fringe benefits, accountable plans and payroll taxes from the perspective of the clergyperson or church as an employer.

Objectives

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

  • Identify who qualifies for special tax treatment as clergy
  • Analyze the dual-status nature of clergy
  • Identify clergy compensation, including fringe benefits and love gifts
  • Categorize valid expenses for clergy
  • Calculate the nondeductible portion of business expenses based on tax-free income
  • List the requirements for the clergy housing allowance
  • Identify the unique treatment of employment taxes by churches
  • Identify what income is subject to self-employment tax
  • Differentiate between Form 4361, Application for Exemption From Self-Employment Tax for Use By Ministers, Members of Religious Orders and Christian Science Practitioners, and Form 4029, Application for Exemption From Social Security and Medicare Taxes and Waiver of Benefits
  • Identify earned income for the purposes of the earned income credit and refundable child tax credit

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.






   

Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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