To reap the tax benefits extended to clergy and ministers by the IRS, a taxpayer must fit the IRS definition of minister and perform certain duties. We’ll take a deep look into the definition and the duties, examining activities that might look ministerial in nature but really don’t rise to the level of being classified as such, as well as who is deemed a minister, the treatment of housing allowances, and other considerations.
After completing this course, you will be able to:
- Recognize who among your clients will be considered a minister for tax purposes;
- Understand how a minister’s income will be classified and taxed per classification;
- Understand how to achieve compliance in the reporting of a minister’s income;
- Recognize other tax-beneficial perks for ministers
