Tax Reporting for Clergy

Date: 11/20/2024
Time: 12:00 PM - 4:00 PM EST
CPE Credit: 4 hours

This 4-hour webcast is designed to discuss the unique aspects of clergy such as Social Security taxation, parsonage taxation, etc
 

Topics Covered:

· Definition of who may be defined as a member of clergy including sacerdotal functions

· Services performed in the exercise of a minister's ministry or applicable to other clergy

· Services not considered performed in the exercise of a minister's ministry or applicable to other clergy

· Case law and rulings on whether a particular individual is a member of clergy

· Determining if an organization is an integral agency of a religious organization

· Taxation of clergy income

· Determining if a payment is a gift, donation, or compensation

· What is parsonage allowance in relation to taxation, if any, thereof

· Clergy expenses

· Allocating expenses to tax-exempt income

· Expenses deductible against self-employment earnings

· Employment tax reporting

· Exemption from self-employment tax

· Members of religious orders and vows of poverty

· Various other matters

Learning Objectives:

· Provide the tax practitioner with solid understanding of when someone really is a member of clergy.

· Provide the tax practitioner with tips and techniques in this area of potentially confrontational relationships.