Course ID: CMT

Church and Minister Taxation

Even though churches are tax exempt and generally pay no income tax, churches are not outside the reach of the IRS. Churches are responsible for correctly reporting payroll, understanding the rules for charitable contributions, recognizing unrelated business income and filing the appropriate returns. The tax rules for ministers are complex and often controversial. In order for ministers to file accurate and complete tax returns, an understanding of these rules is necessary.


LEARNING OBJECTIVES
  • Review the tax-exempt status of churches
  • Apply the rules for reporting payroll including housing allowances, social security for ministers, employee expense reimbursements, retirement plans and fringe benefits
  • Explain the rules that apply to charitable contributions
  • The concept of unrelated business income and when it applies to churches
  • Apply IRS rules that define a “minister of the gospel.”
  • Clarify the rules regarding parsonages and minister’s housing allowance
  • Discuss the exemption of ministers from social security

MAJOR TOPICS
  • Tax-exempt status for churches
  • Payroll taxes and reporting requirements
  • Charitable contributions
  • Unrelated business income
  • Fringe benefits and employee expenses
  • Who the IRS considers a minister
  • Parsonages and housing allowances
  • Minister expenses
  • Social security for ministers

DESIGNED FOR
CPAs in Public Practice or serving as church treasurers or financial administrators

FIELD OF STUDY
Taxes

PREREQUISITES
None

COURSE PRODUCER
Nichols Patrick CPE, Inc

CPE CREDITS
8.0

LEVEL
Basic

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