Ministers and Income Tax

The work 2007 Church and Clergy Tax Guide, by Richard R. Hammar (Harvard graduate, CPA, attorney, noted author in the area of church and law, and an inductee into the church management "hall of fame" by the National Association of Church Business Administration) demonstrates how to understand the tax laws and how they apply to you, how to correctly report your federal income taxes and social security taxes, understand relevant exemptions, and reduce your tax liability as much as possible. It's designed to be a resource for ministers and also church treasurers, board members, bookkeepers, attorneys, CPA's, and tax practitioners.

Entire chapters are devoted to the items that you have the most questions about, including: Tax changes from 2006, Charitable contributions, Clergy retirement plans, Social security, Church reporting requirements, Housing allowances, and Business expense reimbursement.You'll find easy-to-understand charts and real-life illustrations, which not only make this a guide for the tax season, but also one that you can use throughout the year.