by Melissa
(Huntsville, AL)
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?
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1Comments
Report Estimated Tax Payments
VVickey
Yes. You only need to provide him with a statement on church letterhead with the appropriate information included.
He would report his estimated tax payments on line 65 on his 1040.
He would report his estimated tax payments on line 65 on his 1040.