With more than 30 years of experience, Taxspeaker has been at the forefront in creating innovative CPE courses in person, via mail, and online. Our goal is to ensure each CPE credit earned via Taxspeaker is packed full of valuable information you can use every day. This is true no matter how you choose to receive your courses.
A fast-changing world requires you to be current on crucial issues that affect your business. Taxspeaker delivers the latest in CPE courses while maintaining the highest levels of quality in our instruction. You can be certain that when you take CPE courses from Taxspeaker, you're getting the best education available in the industry.
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TaxSpeaker Lobby Series - The first of its kind. TaxSpeaker now offers a continuous playing information guide to benefit you and your customers alike.
Credit Hours: 2
By: Bob Jennings CPA, EA, CFP®
IRS Number: 5KBKR-T-00563-18-S
This course reviews the preparation of tax returns for members of the clergy. It covers minister’s housing allowances, fringe benefits, ministerial expenses, the Deason rule and accountable plans. We provide several practice aids for the church and the minister. We also discuss minister’s income, minister’s self-employment income and the correctly prepared minister’s W-2. Updated for the latest court cases that disallow tax free housing allowances, this class is particularly useful for practitioners preparing ministers returns.
Upon completion of this course, you will be able to-Determine who qualifies as a minister under the IRS rules; Determine the proper classification for income related to ministerial services; Determine the proper classification of expenses related to ministerial services; Determine what ministerial income is subject to and exempt from self-employment tax; Use the comprehensive example to structure your calculation of a ministerial client’s income and the net taxable amount; Utilize tax calculators in your practice and provide ministerial clients with resources (housing allowance resolution and notification).
Field of Study
**One exam credit is included at no charge with each product purchased. Additional exam credits can be purchased above. Exams can be taken up to 1 year from purchase date.
Credit Hours: 2
by Bob Jennings CPA, EA, CFP®