Why is the second quarter of estimated quarterly taxes only two months?
Estimated tax payments under the Tax Adjustment Act of 1966 (Public Law 89-368)Â The Tax Adjustment Act of 1966 (Public Law 89-368) significantly altered estimated tax payment requirements in the United States. Estimated taxes used to be paid based on a calendar quarter, but in the 60’s the Oct due date was moved back to…
Property Tax Exemption for Parsonages
Some states exempt parsonages from property taxes which can either be homes owned by churches and occupied by clergy who serve a local church. California California property tax laws provide for three exemptions that may be claimed on church property: • The Church Exemption, for property that is owned, leased, or rented by a religious…
Who Qualifies For Special Tax Treatment As A Minister
When a church hires an employee, one of the initial decisions that must be made is whether to treat the worker as clergy, non-clergy employee or contractor. This decision may seem insignificant, but it has huge implications when it comes to payroll and taxes. Ministers have what is commonly referred to as “dual tax status.”…
2018 Church and Clergy Tax Guide
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…
Federal judge strikes down tax-free housing for clergy
This decision does not come as a surprise as the same judge issued a similar ruling back in 2013 before the case was dismissed by a higher appeals court on the technical grounds of standing. At this point, the court has issued its ruling simply declaring the housing allowance is unconstitutional but without any damages…
Understanding Clergy Employment-
Churches are required to classify each person that is hired as either a secular or clergy employee. This is a very crucial step in the hiring process. Clergy are taxed differently than secular employees and this treatment is mandated by law. It isn’t optional, so it is important to know who qualifies as secular or…
Clergy Membership
Welcome to Clergy Membership – We’re here for you, the expert, and invite you to become a part of our organization. You’ll receive all the support, education, discounts and weekly updates. We’re your most trusted, comprehensive and cutting edge resource for clergy tax expertise. Setting the industry standard for excellence and integrity is what we have been doing…
Why You Should (and Shouldn’t) File Your Own Taxes
There are several important factors to consider once you decide to file your own taxes. Unless your income and filing status remain the same every year, your tax situation is always changing. If doing the books, tracking the numbers and tax laws aren’t your forte, then professional guidance can be beneficial. While we are slightly partial…
8 Questions to Ask your Tax Preparer
Check the Company’s History Ask the Better Business Bureau about the preparer. Clergy Financial Resources has been the leading provider of tax, payroll and HR solutions exclusively for religious organizations and clergy for over 37 years. BBB has provided us the highest available rating of A+. Ask about Service Fees Avoid preparers who base fees on a…
Scam Alert – Tax
Hundreds of Southland Clergymen Had Invested : Securities Company Run by Minister Is Placed in Receivership by Court AL DELUGACH and JOHN DARTÂ | Los Angeles Times Hundreds of active and retired Los Angeles-area clergymen are among the nearly 1,000 people who invested more than $12 million through a Downey securities firm run by a minister…