THE CLERGY TAX TRAP

Rev. John W. Asbury owes a lot of money to the IRS. Too many ministers, like Pastor John, have begun a promising career only to face an unexpected financial crisis courtesy of the Internal Revenue Code. Unprepared for the unusual way the IRS taxes ministers, clergy owe a significant amount when they file their first tax return. Ministers with inadequate knowledge of these tax rules face this difficulty throughout their career. The unique and contradictory nature of tax regulations related to ministers has resulted in a confusing paradox of compliance policies. This has led to misinformation and inaccuracy even among tax professionals. This book is offered as a guide to help ministers and their church leaders avoid the Clergy Tax Trap. 172 pages featuring:
·       9 Keys to THE CLERGY TAX TRAP for ministers and church leaders
·       12 Tax-Saving Strategies
with complete glossary of terms, bibliography, and index.
 
FOR TAX PROFESSIONALS WITH CLERGY CLIENTS: a primer on these unique, confusing, and contradictory regulations, including:
·       Dual tax status
·       The clergy housing allowance
·       The Deason Rule limitation on deductible ministerial expenses
·       Qualification as minister for tax purposes
·       Application for exemption from self-employment tax
 
and more.