This information is borrowed from the Annuity Board of the Southern Baptist Convention.
The guide focuses on tax issues most likely to affect Southern Baptist ministers and includes sample tax returns for both active and retired ministers. The guide's special section about important federal requirements for churches is a valuable resource for church treasurers and other church leaders.
Many ministers and church leaders do not understand the special tax rules that apply to clergy. The guide explains how those rules work. It also explains how churches can structure ministers' pay to help them keep more of their income.
Please visit https://www.guidestone.org/Resources/TaxTools/ for complete article and Ministers Tax Guide download.
Also visit the IRS Online http://www.irs.gov/