CPAacademy.org | TAX PREPARERS' PRAYERS ANSWERED: TAX ISSUES FOR THE

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TAX PREPARERS' PRAYERS ANSWERED: TAX ISSUES FOR THE CLERGY

Cost Free

CPE Credits 2.0 hours

Subject Area 2.0 - Taxes

CE Credits 0.0 hours

Course Level Basic

Instructional Method Self Study

Prerequisites None

Advanced Preparation None

Who Should Attend CPA - small firm
CPA - medium firm
CPA - large firm
Other

Series: Taxes

Course Description

This course was created due to the demand for information regarding tax issues for the clergy.

Where this area is not a big “money maker” for tax preparers, it is an area that can result in many questions that are asked of the tax preparer. This course will give the basics of tax issues for the clergy and will give the knowledge needed to answer those questions professionally. This 2 Credit Hour course will cover items such as Housing Allowances, Income and goes over in detail IRS Publication 517. Instructor is Arthur Reed, MBA, CPA, MST.

Upon successful completion of this course the participant will be able to:

Understand the Rental Value of Parsonages as related to the Clergy

Know the important sections of Regulation 107

Understand Fair Rental Value, Additional Income and Allocation of Expenses

Know the IRS definition of "Ordained Minister"

Learn where to find valuable sources for Clergy Tax Regulations

Be aware of high profile court cases regarding Clergy Tax Issues

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.

FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Arthur Reed, CPA, MBA, MST

Lambers Inc.
Professor

Professor Arthur Reed, CPA, MBA, MST has been teaching with Lambers, Inc. since 1990.Teaching interests include taxation and financial accounting. In addition to his Lambers teaching Professor Reed is a full time instructor at Bentley University, one of the top business schools in the country. Professor Reed started his accounting career as an audit senior for Arthur Andersen, Boston office. Teaching Interests include Taxation, including IRS Practice and Procedure, Tax Research and Multijurisdictional areas. Research Interests are Taxation, Taxation & Information Technology Consulting. Practice Interests are Taxation of multijurisdictional individuals including athletes, musicians and the arts. Professor Reed is featured on the Lambers Enrolled Agent Review Course and teaches numerous Continuing Education Courses for Lambers.

Frequently Asked Questions

To receive CPE credit, you must register for the webinar before it starts.
CPE is available to all eligible participants within 24 hours of each webinar.
To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Lambers, Inc. is a leader in review courses for the CPA, CIA, EA, AFSP, and CMA exams. Lambers also offers IRS Continuing Education for Tax Preparers and CPE for CPAs. Accounting and finance professionals around the world incorporate Lambers products into their training programs. Lambers CPA Review was started by Vincent W. Lambers in July of 1966 in Boston, MA. The first class had six students and from that point the program grew to be the largest live instruction CPA Review program in New England. The Lambers teaching method of illustrations, examples and working problems has helped over 250,000 candidates pass the CPA Exam since that first class in 1966.