To determine if you can take a tax deduction for travel expenses that include both personal and business elements, you must evaluate whether the trip is primarily for business purposes and whether the expenses are ordinary and necessary in the conduct of your trade or...
Clergy
Church Administrators: Managing Clergy Reimbursements
A church office administrator should handle reimbursement for clergy through an accountable reimbursement plan. Here are the key steps to follow: Establish a Written Policy: Create a written expense reimbursement policy that outlines which expenses are eligible for...
IRC Section 107 Housing Expenses for RV Owners
A minister’s housing (or parsonage) allowance under IRC 107 is excludable from gross income only to the extent it is used to rent or otherwise provide a bona fide “home”—that is, a dwelling place complete with the usual amenities (such as furnishings and, for example,...