Preparing Tax Returns for Ministers: A Handbook for Tax

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Preparing Tax Returns for Ministers: A Handbook for Tax Professionals

Ministers sit in a unique seat when it comes to their tax-reporting requirements. As a dual-status taxpayer, ministers require proper tax handling of items pertaining particularly to them.

Tax professionals should be aware that, in many cases, churches use volunteers to function as treasurers. Such volunteers may be unfamiliar with tax law and the implications of tax treatment for items pertaining to their ministerial staff.

Tax professionals who learn the correct handling of ministers taxes set themselves apart from average tax preparers unskilled in this arena. So, who is a minister? These and other legal questions are answered in Preparing Tax Returns for Ministers: A Handbook for Tax Professionals.

This book covers:

The Unique Challenge of Ministers' Taxes
Definition of Minister
A Minister's Vow of Poverty
Determining a Minister's Employment Status
Exemption from Social Security and Medicare
Housing, Rental, or Parsonage Allowances
Office in Home Deduction
Car and Mileage Allowances
Retirement Considerations
When a Minister Might Receive a 1099-MISC

... and more

Country	USA
Author	Kay K. Mortimer
Binding	Paperback
EAN	9781938499241
Edition	1st
ISBN	1938499247
Label	Lighthouse Publishing of the Carolinas
Manufacturer	Lighthouse Publishing of the Carolinas
NumberOfItems	1
NumberOfPages	30
PublicationDate	2012-09-07
Publisher	Lighthouse Publishing of the Carolinas
Studio	Lighthouse Publishing of the Carolinas
ReleaseDate	0000-00-00

Preparing Tax Returns for Ministers: A Handbook for Tax Professionals