Ep 47 ~ Tax Issues For Ministers The Church Finance & Minister Tax Podcast- Church Finances, Minister Taxes, Minister Payroll, IRS Compliance podcast

Dual tax status = EE for income tax purposes, but considered SE for FICA tax purposes
Minister should make ETP throughout the year to help pay for the SE taxes that will be due on their income to avoid underpayment penalties if they owe over $1,000 tax liability
EE vs IC IRS link Publication 1779 download
HA is exempt from Federal Income Tax, but IS subject to SECA and has limitations on the amount that can be designated
Business expenses must be allocated between taxable and nontaxable income (calculated on the 3 Clergy worksheets on the ministers tax return)
Special rules apply to retired ministers who receive any of their retirement benefits as HA
Form 4361 explanation (filed within first 2 years of earning minister earnings of $400 or more) - NON revocable
Due to TCJA until 2025 the Misc. Itemized deduction subject to 2% AGI limitation is not allowed. However, if the minister has unreimbursed job expenses, he can subtract them from SE earnings on Worksheet 3 of the Clergy Worksheets in the minister's 1040 tax return
Gifts given to active ministers may actually be compensation for services rendered and therefore included as taxable income.

I hope this information is helpful to you.

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Dual tax status = EE for income tax purposes, but considered SE for FICA tax purposes
Minister should make ETP throughout the year to help pay for the SE taxes that will be due on their income to avoid underpayment penalties if they owe over $1,000 tax liability
EE vs IC IRS link Publication 1779 download
HA is exempt from Federal Income Tax, but IS subject to SECA and has limitations on the amount that can be designated
Business expenses must be allocated between taxable and nontaxable income (calculated on the 3 Clergy worksheets on the ministers tax return)
Special rules apply to retired ministers who receive any of their retirement benefits as HA
Form 4361 explanation (filed within first 2 years of earning minister earnings of $400 or more) - NON revocable
Due to TCJA until 2025 the Misc. Itemized deduction subject to 2% AGI limitation is not allowed. However, if the minister has unreimbursed job expenses, he can subtract them from SE earnings on Worksheet 3 of the Clergy Worksheets in the minister's 1040 tax return
Gifts given to active ministers may actually be compensation for services rendered and therefore included as taxable income.