Tax Information for Churches, Religious Organizations, and Ministers

Exam Questions: 30
Course Level: Basic
Pages: 128 | Content: 124, Supplemental: 4
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 6500J

This course provides an overview of the tax laws for churches, religious organizations, and ministers. It covers the information an accountant needs to know to best assist his or her clients in this area. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00470-22-S

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Course Information

Table of Contents
  • Tax-Exempt Status and Its Ramifications
  • Taxes, Recordkeeping, and Forms to File
  • Social Security for Ministers and Religious Workers
  • Exemption from Self-Employment (SE) Tax
  • Income Tax: Income and Expenses
  • Special Tax Treatments Applicable to Ministers
  • To recognize the source that guarantees the rights of churches, religious organizations, and ministers
  • To identify what is required to qualify for tax-exempt status
  • To identify the various recordkeeping and filing requirements for churches and religious organizations
  • To recognize which system is used to collect social security and Medicare taxes
  • To identify the activities/duties considered to be minister services
  • To identify who can and cannot be exempt from SE tax
  • To recall the difference between accountable and nonaccountable plans
  • To identify the requirements of rental and housing allowance designations
  • To recognize the details concerning ministers and IRAs
  • To identify some of the deductible business expenses for ministers
  • To recall some of the special tax treatments given to ministers

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.