Taxation of Clergy
This course will explore the taxation of clergy. We will cover:
• Who qualifies as a minister for federal income tax purposes
• Ministers and self employment taxes
• Exemption of ministers from social security
• Should a minister get a w-2 or a 1099
• Parsonages and Housing Allowances
• Maintaining two homes
• Automobile allowances
• Fees for performing marriages, funerals, and baptisms
• Love offerings
• Unreimbursed business expenses for clergy
• Certain fringe benefits
• Employer paid moving expenses
• Traveling evangelist
• Retired ministers
• Overseas missionaries
Additional Information:
CPE/CE credits: 3.0 hours
Field of Study: Taxes
Course Level: Intermediate
Instructional Method: Group Internet Based
Prerequisites: Basic understanding of income taxation in the US
Advanced Preparation: None
Who Should Attend:
CPA - small firm, CPA - medium firm, CPA - large firm, Enrolled Agent, Tax Attorney, Un-enrolled Tax Pro, Other
Happy Tax is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
National Registry Sponsor Number 142469
IRS program number: RUSSH-T-00045-19-O
NOTE: YOU MUST ATTEND A LIVE WEBINAR IN ORDER TO GET CE/CPE CREDIT. Recordings will not qualify for CE/CPE.
Knox is considered one of America's Tax Experts having taught practitioners all over the country.
Knox’s areas of expertise include the taxation of clergy, cryptocurrency, cannabis, foreign earned income, estates (especially on the 1041 fiduciary return), S corporations, and trusts. His practice also includes tax resolution and he is a Fellow of the National Tax Practice Institute.
Knox currently serves as the Chief Tax Officer for Happy Tax (a national tax franchisor). He is also the Tax Director for cryptotaxprep.com, cryptotaxacademy.com, and cannabistaxacademy.com.
Working Group Membership:
Legislative Implementation Working Group (CERCA, IRS, Department of Treasury)
Tax Working Group (Accounting Blockchain Coalition)
