Clergy Taxation: Housing Allowances, W-2 Reporting, Deason Rule, Gifts, and Social Security
Note: CLE credit is not offered on this program
A live 110-minute CPE webinar with interactive Q&A
This webinar will explain the unique aspects of tax return preparation and planning for members of the clergy. Our CPA and church expert will cover the treatment of earnings by ministerial employees, including employment by a congregation, retirement income, social security, gifts, and housing allowances.
- Who is a minister?
- W-2 or independent contractor
- Housing allowance
- Forms of income including gifts and honorariums
- Fringe benefits
- Retirement considerations
Our speaker will review these and other notable issues:
- Who is a minister for tax purposes?
- What are deductible housing costs for clergy?
- What income or benefits are taxable to ministerial employees?
- How to properly prepare a clergy employee's Form W-2
Elaine Sommerville, CPA
Sommerville & Associates
Ms. Sommerville is licensed as a certified public accountant by the State of Texas. She has worked in public accounting... | Read More
Ms. Sommerville is licensed as a certified public accountant by the State of Texas. She has worked in public accounting since 1985. Ms. Sommerville's practice has and continues to be centered primarily on the tax compliance aspects of nonprofit organizations and churches. She has assisted in the representation of several large case IRS exams as well as other IRS examinations of smaller organizations. Ms. Sommerville devotes her time to handling various IRS issues for individuals and for exempt organizations of various types. She actively consults on many IRS compliance issues for churches and other nonprofit organizations and prepares information returns of all types for tax exempt organizations.Close
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