Moreover it is required in stewards that one be found faithful.
- 1 Corinthians 4:2 (NKJV)
Ministers are the shepherds of God’s people. They spiritually feed, protect and care for people selflessly, many without a living wage or benefits. Between 22%-31% of pastors are bi-vocational and 90% of pastors feel some level of financial stress in their family and church work.
Daystar Tax Service wants to partner with pastors and churches to navigate the complexities of the tax code and the unique tax rules for ministers. We will work with the minister and the church to implement compensation packages that will provide the most favorable tax outcome for the minister. We specialize in small churches who have only one paid staff member - the pastor. But we also work with pastors of all church sizes in completion of their tax return at a reasonable cost.
Pastors will only be billed the base price for preparation of their tax return regardless of additional forms required. Click here to view our current pricing schedule.
We can help with the following:
Am I an employee of the church or self-employed?
Do I have to file a tax return - I’m a minister?
Can I claim a deduction for my study materials?
What is the Deason Rule and how do I apply it?
I live in a church provided parsonage, does this affect my tax return?
Am I correctly calculating my Self Employment taxes?
How can the church help to lower my taxes without paying out any additional money?
Am I applying the 2002 Clergy Housing Allowance Clarification Act correctly?
We can also assist with training the church treasurer, finance committee, board and the pastor on a variety of topics including:
Housing Allowance for the pastor
Accountable Reimbursement Plans for the pastor’s business expenses
Establishing a pastoral compensation package that will most benefit the pastor and, potentially, without costing the church additional money
IRS filing requirements
Honorariums for visiting evangelists and ministers
How to calculate the correct amount for the pastor’s W-2
Contact us today to not only ensure your tax filing requirements are completed correctly, but to also ensure you can plan for the most favorable tax return as possible…
