Excessive Housing Allowance?
For 2014 my Pastor's W2 reflects a salary of $5,150 in box 1 and a housing allowance of $96,750 in box 14. This year there will be no salary - just the housing. We are a very small congregation. Is there a percentage or a formula to determine the housing allowance? Does the amount we give him seem excessive? Do we need to have documentation to justify what we give him?
Thanks in advance for your response.