Estimated taxes reported on 1040
Our pastor is only receiving a housing allowance, with no other wages from the church. He is making estimated tax payments for the housing allowance.
At the end of the year I will only need to provide him a letter stating the total amount of his housing allowance for the year, correct?
Also, when he gets ready to file his taxes (he also works outside the church) is the amount he previously paid for his estimated taxes reported on Schedule SE?Know the answer? Face the same situation? Please post your answer or comment by using the "comment" link below. Thank you!