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Test your knowledge of the contents of this edition of Church Law & Tax Report by selecting the best answer to each of the following questions. Answers are available on our website, www.churchLawandTax.com. Click on the link "January/February 2007 Church Law & Tax Report Quiz Answers."

1. Many ministers have exempted themselves from self-employment taxes by filing a timely Form 4361 with the IRS. How likely is it that Congress will enact legislation in 2007 that will give ministers an opportunity to revoke an exemption from self-employment taxes?

  1. Congress already has enacted such legislation. Ministers have until April 15, 2008 to revoke an exemption from self-employment taxes.
  2. Congress has not yet enacted such legislation, but enactment in 2007 is a virtual certainty.
  3. The tax code currently gives ministers the option to revoke an exemption from self-employment taxes. No new legislation is needed.

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Richard R. Hammar is an attorney, CPA and author specializing in legal and tax issues for churches and clergy.

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