CLERGY TAXES

Over the past 20 something years, I have seen and been friends with a lot of individuals who were obtaining their pastoral credentials and licensing as well as a large number who were new to being a minister. In discussions with them regarding typical tax scenarios for minsters I have discovered that very few have been educated in finances or taxes. There are a lot of tax breaks for ministers as well as several difficult to understand requirements which ministers MUST follow to ensure proper filing of their taxes. This includes items such as being subject to SECA vs. FICA tax; properly having a housing allowance approved by the church; determining whether the minister is an employee vs. a contractor; and list goes on. I can provide tax preparation on an annual basis as well as one or two consultations throughout the year to help ensure that you are on track for the following year to minimize your tax liability.