There is much confusion around the subject of clergy taxes. Clergy are unique in that they are considered employees for federal income tax reporting purposes and self-employed for Social Security and Medicare tax purposes. In light of this dual status, this book will attempt to inform the minister on how to minimize their tax liability and stay in compliance with tax laws. We will briefly introduce our chief tax strategy we refer to as the clergy trifecta. We believe this business and tax strategy for clergy will open up a new world of opportunities for today's minister.
This edition of Clergy Tax is easier to use than ever.
A working knowledge of these rules can help the minister save money--and that helps the church save money. Worth's Income Tax Guide for Ministers helps church workers comply with the latest tax laws.
Clergy Tax: 1998 Edition for Tax Year 1997
Clergy Tax
- Step-by-step instructions through the entire tax return - State filing requirements - Recent changes to the Tax Code that affect ministers - User-friendly, easy-to-use, step-by-step instructions offer valuable tips for lowering taxes - ...
Clergy Tax includes sample tax forms and detailed descriptions of specific state requirements to make filing taxes virtually painless. “Clergy Tax is an easy to read, easy to understand guide for ministers and churches of any size and is ...
This book contains sample payroll forms and completed tax returns, demonstrating how the church treasurer should prepare records that conform to current regulations.
After over 20 years of working with ministers, David Epstein has found that most ministers are overpaying their taxes -- Clergy Tax can help ministers reduce their taxes in safe, legal ways.
Clergy Tax includes sample tax forms and detailed descriptions of specific state requirements to make filing taxes virtually painless. This edition of Clergy Tax is easier to use than ever.
In one high-profile case, a couple's substantial contributions to a church were denied tax deductibility by the Internal Revenue Service.