Find comprehensive help understanding United States tax laws as they relate to pastors and churches with Richard Hammar‘s 2018 Church & Clergy Tax Guide. Tax law, in general, is highly complex and ever-changing. Add to that the many unique rules that apply to church and clergy and you’re set up for a challenging task that requires an expert’s guidance.
The guide helps clergy:
- Prepare 2017 tax returns
- Understand tax laws
- Correctly report federal income taxes and social security taxes
- Distinguish relevant exemptions
- Reduce tax liability
The guide helps church treasurers, board members, bookkeepers, attorneys, CPA’s and tax practitioners:
- Define “income” for the church
- Handle and report employee business expenses
- Understand the substantiation rules that apply to charitable contributions and designated contributions
- Grasp federal tax reporting requirements that apply to churches and church employees
Beyond help preparing annual tax returns ministers, churches, and their advisers find the guide indispensable throughout the year with in-depth coverage on:
- Charitable contributions
- Clergy retirement plans
- Social Security taxes
- Church reporting requirements
- Housing allowance
- Business-expense reimbursements
Known as the most comprehensive, accurate yet easy-to-understand tax guide available for church leaders you will find yourself regularly referencing key topics, charts, sample forms, and real-life illustrations for all your tax and legal questions.
< BackClergy Financial Resources serves as a resource for clients to help analyze the complexity of clergy tax law, church payroll & HR issues. Our professionals are committed to helping clients stay informed about tax news, developments and trends in various specialty areas.
This article is intended to provide readers with guidance in tax matters. The article does not constitute, and should not be treated as professional advice regarding the use of any particular tax technique. Every effort has been made to assure the accuracy of the information. Clergy Financial Resources and the author do not assume responsibility for any individual’s reliance upon the information provided in the article. Readers should independently verify all information before applying it to a particular fact situation, and should independently determine the impact of any particular tax planning technique. If you are seeking legal advice, you are encouraged to consult an attorney.
For more information or if you need additional assistance, please use the contact information below.
Clergy Financial Resources
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