Clergy Tax
On DemandProduct Description
Updated for 2023! This course reviews the preparation of tax returns for members of the clergy. It covers housing allowances, fringe benefits, ministerial expenses, and accountable plans. We provide several practice aids for the church and the minister.
**Course was published in 2023**
Prerequisites
NoneField of Study
Taxes-2.00NASBA Categories
TaxesCourse Level
BasicCourse Objectives
We begin by defining a minister for tax purposes and then instruct how to prepare a 1040 with a minister for wages, consulting, self-employment tax and housing. We present how to determine the housing or parsonage exemption, how to establish the amount and how to prepare a return when confronted with an incorrect W-2. We also illustrate the election out of social security and how to calculate deductible expenses, concluding with a comprehensive example and completed 1040.
Disclaimer
TaxSpeaker offers a 100% 30-day money-back guarantee upon returning the self-study materials, to any paid participant in any self-study program if you are not happy with your purchase. No refunds will be issued after the exam has been attempted or completed.
Continuing Education
Jennings Advisory Group, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA Sponsor #108251
Jennings Advisory Group, LLC has entered into an agreement with the Return Preparer Office, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Return Preparer office as to the quality of the program or its contribution to the professional competence of the enrolled individual. IRS Sponsor Number 5KBKR.
ALL OF OUR TAX COURSES HAVE IRS APPROVAL UNLESS OTHERWISE NOTED**