Mail Order Ordination - Does Your Client Qualify for Clergy Tax Benefits? 1 Credit
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Nov 29, 2024 | 01:00 PM
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Are your clients considering mail-order ordination with hopes of qualifying for clergy tax benefits, including the coveted housing allowance exclusion? Understanding the intricacies of the Tax Code's definition of a "minister" is essential for tax professionals to provide accurate guidance to these clients. Our online course delves deep into this definition, equipping you with the knowledge needed to identify the qualifications and offer informed advice.
In this CE Tax Webinar, we explore how the Tax Code precisely defines the term "minister." You'll gain a comprehensive understanding of the criteria that satisfy the Tax Code's definition of a minister, ensuring you can make well-informed assessments for your clients. We provide practical guidance that enables you to navigate the complexities of this definition effectively.
Additionally, we offer specific examples of Tax Court decisions that offer valuable insights into the necessary qualifications. You can directly apply these examples to real client situations, enhancing your ability to provide accurate and actionable advice. Join our course today to become proficient in recognizing and advising clients on their eligibility for clergy tax benefits. Stay ahead in your profession and offer exceptional service to your clients by mastering this critical aspect of tax law.
Key Topics covered in this course:
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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 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.
Bill Davidson (EA, MDiv, ThM) has worked with ministers’ tax returns and planning for over 35 years. He is keenly aware how the unique (and contradictory) regulations regarding the taxation of clergy compensation has frequently led to misinformation and inaccuracy. As Manager with a prominent tax firm he was the “go to” authority for tax professionals who had questions about clergy tax matters. As an ordained minister himself, he has keen insight into the needs of clergy clients.
His career as Senior Pastor of churches and Tax Manager specializing in tax preparation and planning for ministers has uniquely prepared him to assist tax professionals in serving their clergy clients. He also volunteers with the local IRS VITA (Volunteer Income Tax Assistance) program for the underserved sponsored through the United Way.
His courses are more than a “talking head,” charts, and words on a screen. He brings a creative and refreshing approach to this distinctive area of tax knowledge that provides ample practical examples applying the material presented.
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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
SN
Very good presentation. Reinforced my knowledge. It made me think of some of the so called ministers in my area. I don't think any would qualify.
SB
The Client WalkThrough format was very helpful. It was reminiscent of an actual scenario that could happen in the tax office.
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We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.
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