Our lesson this week examines the topic of entertainment expenses. The Executive Summary provides a concise review of the key points. Before we get started, test your knowledge by completing the following quiz.
Pastor Tim often invites church members to his home for meals. He submits the expenses for these meals to the church treasurer and receives reimbursement. The church treasurer assumes that these are legitimate business expenses that can be reimbursed under the church's accountable expense reimbursement arrangement, and so she does not report the reimbursements as taxable income to Pastor Tim. Is this correct?
Instructions Click on the correct answer for each of the following questions.
Many pastors incur entertainment expenses in the course of their ministry. These expenses may be treated as business expenses if certain requirements are met. The ...