Steve Merriman, EA provides the basic difference between, “Ministers’ Gifts versus Income”. He explains briefly how the IRS defines a gift and when it can be taxable. He also provides some guidlines as to when and if a gift needs to be reported on a W-2.
Clergy Advantage®
2093 East 11th Street, Suite 200
Loveland, CO 80537
p (970) 667-5819
f (970) 663-4950
clergy@clergyadvantage.com
Tax, Financial, Consulting and A Lot More
Comprehensive Investment Strategies & Service
Financial Independence for Ministers
Learn What You Can Do
Group, Individual and Key Man
Knowledge is Golden