COURT CHALLENGE TO THE CLERGY HOUSING ALLOWANCE EXCLUSION
On Nov. 22, 2013, a federal district court judge in Wisconson struck down the ministerial housing allowance as an unconstitutional preference for religion. The exemption for the fair rental value of a parsonage provided by the church was not…
'Tis the season for giving!
Many clergy are very generous givers, and the IRS often target clergy for audit because of the high level of donations. The IRS requires that you be able to substantiate your donations. Be sure you can stand up to audit by following these guidelines:
Cash…
Tax News you can use - Fall 2013
September 16, 2013 is the deadline for third quarter estimated tax payments.
2012 Individual Returns on Extension must be filed by October 15, 2013.
According to a recent Tax Court ruling (Rogers, TC Memo. 2013-177),…
Tips for Planning Next Year's Return
For most taxpayers, the tax deadline has passed. But planning for next year can start now. Being organized and planning ahead can save time and money in 2014. Here are a few things you can do now to make next April 15 easier.
1. Consider…
Tax Identity Theft Alert
I continue to read alerts from the IRS and professional tax preparer publications that identity theft of tax returns is a big problem and growing exponentially. What happens is that a thief will steal names and SSNs, along with other public…
An Update on Filing Date Delays
The GOOD NEWS is we didn't fall off the "fiscal cliff". The BAD NEWS is that filing delays are in the 2012 tax season forecast!
The IRS has informed the professional tax preparer community that the earliest filing date for 2012 is January 30…
