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Ministerial Overview
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Many ministers and missionaries have noticed that in many cases their tax return is much more complicated than what they first anticipated. There are many ways to prepare a tax return, but to minimize the tax liability it takes a person who is very familiar with the unique tax laws regarding Clergy. They can be very complicated and confusing for most. We specialize in this area of taxation. We are also very familiar with US taxation of Foreign missionaries, whether stateside or out of the country. Please E-Mail us if you have any questions or would like to set up an appointment to visit.
Below is a list of possible deductions or items that may have an impact on a minister, missionary, church worker, Bible teacher, or Bible students return.
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- Accounting and Tax Preparation Fees and Software
- Advertising- Business Cards
- Advertising- Magazines, Papers and Signs
- Advertising- Radio, Television and Other
- Bank Charges
- Bookkeeping
- Briefcase
- Cost of Books of Faith and Religious Literature
- Dues- Religious Societies
- Education- Professional Library Books
- Education- Continuing Education
- Education- Conventions and Seminars
- Education- Mileage (per mile)
- Equipment Repairs
- Equipment Rentals
- Gifts- ($25 Maximum per Person)
- HOUSING ALLOWANCES
- Insurance
- Interest
- Licenses
- Love Offerings
- Maintenance
- Office Supplies
- Paging Services
- Payroll Paid to Others (W2s)
- Payroll Taxes
- Pest Control
- Postage
- Printing
- Professional Services
- Retirement accounts
- Software
- Supplies- Other
- Taxes
- Telephone- Answering Service
- Telephone- Cellular Telephone Charges
- Telephone- Long Distance
- Telephone- Other and Pay Phone Charges
- Transportation Expenses
- Travel Away From Home Overnight
- Travel- Other
- Travel @___ cents per mile
- Airfares
- Equipment Purchased this Year
Parsonage Allowance - Method One
- Rent or Principal Payments
- Taxes
- Interest
- Insurance
- Repairs and Maintenance
- Furniture, Appliances, etc.
- Decorations
- Utilities
Parsonage Allowance - Method two
- Fair Rental Vale of Parsonage
- Decorations
- Utilities
- Miscellaneous
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