By Steven M. Jacobson With healthcare costs always on the rise, many clergy employers may find themselves asking how they can help their clergy employee’s healthcare costs. We already know that the tax bill for clergy can be high, but is there a way to help the clergy get funds for care and save on their tax bill? The answer is yes, but you must use a legally compliant option. In this post, we will provide you with some of those options. Before you choose any option, we

The United States Government, Department of the Treasury, and the Internal Revenue Service have specialized foreign asset reporting. It is important that you disclose such assets to Jacobson Clergy Tax Service. Failure to report such assets properly may lead to additional tax, interest and penalties. Foreign assets can include: Foreign Checking and Savings Accounts Foreign Brokerage Accounts Assets of a Crypto Wallet, Account or Exchange located outside the United States I