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Live Webinar

100-minute live streaming program
  • December 19
  • 1:00 - 2:40 pm EST

Reporting of Clergy and Charitable Donations

December 19

Gain a better understanding of charitable contribution receipts and clergy housing allowance, as well as common filing errors.

Clergy taxes appear to be from a parallel tax universe. Every tax preparer has one or two clients that are religious workers. Religious workers are one of the few professions with unique tax treatment for both income tax purposes and for Social Security. Do you know the tax treatment? Clergy receive unique W-2s, and 1099-Rs. Clergy have negative expenses on schedule C. The Schedule SE is based on a W-2. Clergy self-employment tax is the largest tax they pay and we are ill prepared to advise them. What are tax professionals to do and think? Every tax preparer has been asked by their favorite charity how to prepare a charitable receipt. Donors want iron-clad audit proof receipts. What can 501(3) organizations do to keep their donors donating? What charitable contribution receipts qualify as an acceptable receipt upon audit? What type of receipt is required to take the charitable deduction on your Schedule A? Payroll penalties are among the highest penalties our clients face. Yet many church payrolls are prepared and processed by volunteers. Volunteers generally are not prepared to handle payroll and donor receipting due to the unique complexities in this areas of taxation. This information is presented by a CPA who prepares hundreds of clergy tax returns and payrolls every year. You will learn to identify a W-2 and 1099-R that is correct and how to prepare the tax returns for active and retired clergy. You will identify which of the competing tax strategies is most appropriate for your clergy clients from seminarian to retired pastor. You will learn about the common errors that pastors and churches make related to compensation, expense reimbursement and charitable receipts and the correct way to handle these transactions.

Learning Objectives

- You will be able to describe clergy housing allowance and what expenses are deductible.

- You will be able to discuss the general rules for charitable contribution receipts.

- You will be able to explain clergy Housing Allowance, the 'Dual Status' of clergy, and Opting out of Social Security.

- You will be able to identify common errors made on a clergy W-2.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Tax Objectives for Clergy
  • Recent Seminarian or Youth Pastor
  • Senior Pastor
  • Retired Pastor
Clergy Dual Tax Status (Income and Social Security Tax)
  • Employer Payroll Reporting, W-2, 941
  • 1099-Misc vs. W-2
  • Reporting on Form 1040, Sch. SE
  • Approval of Clergy Housing
  • Accountable Expense Reimbursement Plan
Clergy Housing Allowance
  • Do I Really Get to Exclude Housing Expenses From Income and Deduct on Schedule A?
  • Approving and Calculating Clergy Housing
  • Current Litigation
Charitable Contributions
  • What Is a Charitable Contribution?
  • Cash Contributions
  • Non-Cash Charitable Contributions
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More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • AR CLE 1.75
     
  • This course has been approved for 1.75 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, Inc. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CO CLE 2.0
     
  • This program may qualify for 2.0 credit hours through the Colorado Supreme Court Board of Continuing Legal and Judicial Education through reciprocity. This course is accredited in other jurisdictions such as New Jersey. To receive CLE credit for this program, a home study affidavit must be submitted to the Supreme Court Board of Continuing Legal and Judicial Education.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • GA CLE 1.7
     
  • This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.7 CLE hours.
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • MS CLE 1.7 (Pending)
     
  • This program has been submitted to the Mississippi Commission on Continuing Legal Education. Approval pending.
     
  • MT CLE 1.75
     
  • This program has been approved by the Montana Commission of Continuing Legal Education for a total of 1.75 CLE credits.
     
  • NH MCLE 1.7
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 100 Minutes.
     
  • NJ CLE 2.0
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.0 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 2.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 2.0 hours of CLE credit.
     
  • TN CLE 1.67
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.67 hours of credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.75
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.75 hours of Law & Legal Procedure credit.
     
  • WI CLE 2.0
     
  • This program has been approved by the Board of Bar Examiners for 2.0 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 2.0
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services 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 through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Taxation for 2.0 hours.
     
  • Lorman Business Center, Inc. has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. This program qualifies for 2.0 hours of continuing professional education.
     

Who should attend?

This live webinar is designed for accountants, CFOs, controllers, accounts payable professionals, tax managers, presidents, vice presidents, bookkeepers, business owners, tax preparers, enrolled agents and attorneys.

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More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Bret Willoughby

Providence Payroll Services, Inc.

  • Partner in the office of Tax911.com, Inc. with clients in 30 states and 100 countries
  • Owner of Providence Payroll Services, Inc. providing payroll services for churches and exempt organizations
  • Tax911.com prepares 1,000 1040 returns for international teachers, clergy and business owners
  • Several of our largest referral agencies are 'Protestant Religious Orders'
  • CPA originally certified in 1988 and practiced in California, Wisconsin and Kansas
  • Member of AICPA and KSCPA
  • B.B.A degree in accounting, George Washington University; attended Fuller Seminary and studied Arabic and French at Universite Laval and Ohio State University
  • Can be contacted at [email protected], 913-712-8539 or on Twitter® @taxmanbret911
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 401214
Published 2017
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