Tax Preparation:

Clergy Tax Preparation to Save Money and Time

Maximize your savings and get real value in dollars and sense. Let the experts at Clergy Advantage® share their tried and true tax saving experience with you.

Choose from our three affordable options.  Each plan is designed to save you time, money and provide peace of mind.

A stand alone, Clergy Advantage Tax Return Review,  is also available to introduce you to the world of clergy tax savings  for a one time fee of only $99.  This review will provide the assurance that everything has been done right or if an amendment is advisable.  Your clergy tax expert will  focus on four main areas that are often miscalculated or overlooked in ministers’ tax returns. Contact us for details.

Choose the Tax Preparation and/or Consulting Plan that best suits your needs below:

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Fees for the Advantage Basic clergy tax preparation are assessed by the complexity of the return and do not include consulting other than the tax return disscussion after the return preparation, unless you subscribe to the Optimum or Advantage Plus Tax Preparation Plan.

Join us for a free clergy tax webinar like our “Tax Free Money for Ministers” to learn how you can start saving today.

You owe it to yourself to see if a Roth IRA is a good strategy for you. We’ve used and advocated converting retirement income into a Roth IRA for many people over the years, but it has become even more appealing due to new tax provisions for 2010.  Some of the restrictions on converting money to a Roth have been removed and you can actually undo any portion of  the conversion as late as October of next year. 

Who should look at a Roth IRA Conversion?

This is an individual discussion because of all the various concerns and factors for each situation. We’re suggesting that everyone take a look at the benefits of converting some or all of a regular IRA into a Roth, particularly if you’re a married minister or in a high or low tax bracket.  Many ministers in the 0% tax bracket don’t realize it because of their housing allowance. These people definitely meet some of the criteria to consider a Roth conversion.   However, you can’t automatically disqualify yourself if you fall into the middle ( 10-15% ) tax brackets either.  Don’t believe you’re too young or too old for this strategy to work for you, either.  For many, but not all ministers, the best time to consider this strategy is when housing espenses are highest.   

Your state tax and estate plan need to be taken into account, as well as,  the cost and possible tax ramifications for the year of the coversion and a myriad of other factors, so it’s not as simple a calculation as one would hope.   Most people shouldn’t  try  to  figure this one out on their own.  The best way to determine and weigh all of the necessary factors is to evaluate your situation carefully with a qualified tax planner and financial advisor.  We’ll go deeper into the ramifications and criteria if you’d like to call us for a personal evaluation or join us for a  free webinar for more details. Learn more details of Roth IRA Conversions  in a free webinar to discover more about Who should convert and Why. Click here for information or to Register.