clergy tax professional

Basics of Clergy Finances and Taxes

For many pastors, ministers, or clergymen the reason that they get involved in church ministry is because of a higher calling, a passion for their religious beliefs and the people around them. They usually are not in it for the money, concerns about salary or clergy finances are often an afterthought. However, everyone has financial needs and there are some basic questions that need to be answered when it comes to clergy finances and clergy taxes.

Self Employed vs. Employee

As with other employees, religious organization report clergy income on a form W-2. The difference comes in the collection of… Continue reading