Church and Clergy Tax Guide

This is the most comprehensive and authoritative tax guide available for both churches and clergy. It is updated annually. Get a better understanding of U.S. tax laws as they relate to pastors and churches; learn how tax laws apply to you, how to correctly report your federal income taxes and social security taxes, understand relevant exemptions, and reduce your tax liability as much as possible. You'll also find easy-to-understand charts and real-life illustrations. This book is designed to be a resource for ministers and also church treasurers, board members bookkeepers, attorneys, CPAs and tax practitioners throughout the year. Entire chapters are devoted to the tax laws you have the most questions about, including: Tax changes to help prepare your returns; Federal church reporting requirements; Designated contributions; Charitable contributions; Business expense reimbursement; Tax liability reduction; Clergy retirement plans. - Publisher.