The latest on church tax reporting, tax filing, housing allowances, Social Security exemptions, private letter rulings, and notable court cases.
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Designating a housing allowance is a critical part of every church's pastoral compensation package and a key tax benefit for pastors.
This action could create taxable income in the amount by which the property's fair market value exceeds the bargain sale price.
Conclusion: groups lacked 'standing' in order for federal case to proceed.
On November 22, 2013, a federal district court judge in Wisconsin struck down the ministerial
We failed to allocate a portion of our pastor's salary for housing. Is it too late to do so for this entire year?
It costs the church nothing and saves your pastor thousands. Are you taking advantage of the No. 1 tax benefit for clergy?
Is it legal to transfer the pastor's title to his home to our church?
How to estimate accurately.