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MUST HAVE REFERENCE GUIDE
CHURCH ACCOUNTING PACKAGE
by Lori Buchter
(Visalia, CA USA)
Our church employees receive a discounted rate for their children enrolled in our Preschool (2 - 4 years old). Is the difference in the discounted rated declared as income for tax purposes?Does a preschool fall under section 170(b)(1)(a)(ii) of the tax code?Should the this be reported on the employee's W2?
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