1.0 CPE CREDIT
Taxation of clergy can be difficult to understand, advise upon, and properly report. While most religious organizations are tax-exempt, the individual minister or clergy member is usually not. To add further complication, clergy may have several potential sources of income subjecting them to:
Proper information reporting on the part of the organization is equally important. We will include examples explaining proper reporting of various forms of clergy compensation.
Last reviewed for accuracy: March 2022.
Self-study courses involve completing a pretest, watching a video, answering quiz questions inserted throughout the video, and successfully passing an exam with a score of 70% or better. Each course includes a set of materials that accompany the course presentation. Each course is reviewed annually to ensure the information is up-to-date with current tax law.
This course offers 1.0 CPE credit and qualifies for IRS credit and is NASBA QAS-approved for CPA credit in all states.
This course performs best utilizing a desktop or laptop computer.
Cost: $25.00. To register, add the self-study course to your cart. The course expires 1 year after your purchase. Your exam must be completed within 1 year of your purchase date.
Upon purchase, the transaction receipt that is provided via email will contain instructions to access the course. NOTE: The person purchasing this self-study course must be the same person taking the course and completing the exam.
For questions regarding refunds, registration policies, and resolving concerns, please see our Policies and FAQ.
Tom O’Saben has been an instructor for the Tax School since 2009 and joined the Tax School team full-time as Assistant Director, Professional Education and Outreach in 2019. He has also been a presenter with the National Association of Tax Professionals, where he served as a Training Specialist developing curriculum, writing textbooks, and instructing at educational seminars. Tom’s practice, established in 1991, provides tax services for approximately 1,000 clients. Tom earned his bachelor’s degree from Southern Illinois University Edwardsville. He is an enrolled agent (EA).
Learning Objectives: By taking this self-study course, you will be able to:
CPE Credits (qualifies for IRS): 1.0. Final exam must be passed with a score of 70% or better.
Delivery Method: QAS self-study (online self-study)
Program Level: Overview
Field of Study: Taxes
Prerequisite(s): Professional experience preparing federal tax returns.
Materials: Upon purchase, the transaction receipt that is provided via email will contain instructions to access the course materials.
Advance Preparation: None
Please see the CPE FAQ for more information.
C CorporationIn this course, you will analyze whether it makes sense for your business clients to maintain their C corporation or to convert to a pass-through entity. |
Putting Ethics Into PracticeThis Circular 230-focused self-study course includes a discussion of various client situations and proposes ways for tax practitioners to navigate ethical challenges presented by clients. |
ClergyThis self-study course covers various taxation issues encountered by practitioners with ministers and other clergy members as clients. |
Retirement Plans for Small BusinessesThis self-study course covers various retirement plans available to small business owners that go beyond the traditional SEP and SIMPLE IRA. |
DivorceThere are many common and not-so-common tax effects of divorce. Prepare yourself to help clients who are divorced or who are getting ready to divorce, and encourage them to work with their attorney to consider tax consequences when structuring the divorce. |
Schedule E ActivitiesThis self‐study course covers the various types of rental real estate income, as well as tax implications for items such as personal‐use days, limitations on business interest, basis for depreciation, and the qualified business income deduction. |
Hobby vs. Trade or BusinessThis course provides information on determining whether an activity qualifies as a trade or business rather than a hobby. |
Trust Tax Returns – A PrimerThis course provides the trust tax basics you need to assist your clients. This includes a crash course on trust terminology, as well as definitions, filing procedures, and tax implications of grantor (revocable) and nongrantor (irrevocable) trusts, as well as simple and complex trusts. |