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 preparing returns for clergy members and ministers. You’ll also learn about compensation, fringe benefits, accountable plans, housing allowances and the application of payroll tax to clergy members.

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 what clergy income is subject to self-employment tax

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.