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December 24, 2018

While the Tax Cuts and Jobs Act (TCJA) did provide savings, there is one major change that is going to hit many Clergy’s tax return and wallet hard this year.  This is especially true when we consider that Clergy never really stay in one place.

For many years, Clergy ha...

December 22, 2018

As we wake up just a couple days before Christmas, the Federal Government has been shut down due to a lapse of funding because an agreement was not made.  Partisan politics aside, what does this mean for you, the taxpayer?
 

What we know is that part of the IRS will con...

October 13, 2017

Recently, federal district court Judge Barbara Crabb, in the state of Wisconsin deemed that income received by Clergy of any religion that is designated for a tax-free housing allowance is unconstitutional because it violates the establishment clause.  The lawsuit was...

December 17, 2016

It is getting close to the end of the year, and that means it’s time to get your expenses organized.  At this point, you're probably wondering what to do with those pesky receipts.  In my humble opinion, I believe you should organize your receipts by the category in wh...

November 23, 2016

                Thanksgiving is a time for love and family.  However, the focus quickly pivots the day after.  There are many retail stores out there and they all want your business offering the latest and greatest Black Friday Deals.  While I don’t have any advice on...

February 29, 2016

In order to “sweeten the pot” in a Clergy’s contract or Terms of Call, many times the church may offer to reimburse them for their unpaid Self-Employment Tax (SECA) and/or unpaid income tax.  While it may seem like you’re living life tax free; think again.  That reimbu...

February 19, 2016

 

Employers only have until the end of January to put your W-2 in the mail.  Which means that you should have yours by now.  However, being a business owner myself, I know that “stuff” happens.  Sometimes it’s not the employers fault, and sometimes it is.  Here’s what y...

February 11, 2016

 

The IRS never calls or emails you when you owe them money. They always send a letter via US Mail.

 

However, if you do get a phone call, email, or letter, please let Jacobson Clergy Tax Service review it before you pay it. Even if it's a legitamiate IRS letter, many tim...

January 19, 2016

When you receive a call, many times you are given the choice between a housing allowance or access to a parsonage (or manse).  Today we will be discussing the housing allowance and its potential taxability.  First, while the housing allowance may be excludable from fed...

January 10, 2016

One of the most common questions I get asked is what do I need to complete my tax return.  In order to provide assistance, I have surmised a brief list.

 

Please send in:

  • Copy of last year’s Federal and State tax return

  • All W-2s, 1099s, and a list of any other in...

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