This Week's LessonWeek of April 7
This lesson focuses on Part 5 of The IRS Tax Guide for Churches. You can review the Executive Summary to obtain the key points or read the Weekly Lesson for a more thorough presentation of this topic. Start by completing the following interactive quiz to test your knowledge.
A church owns a house adjacent to its parking lot. The house was purchased to accommodate future expansion. The church board decides to rent the house, and begins receiving monthly income. Is this income taxable?