Announcement

Collapse
No announcement yet.

Priest-gifts

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Priest-gifts

    Priest retires and community throws him a party. Gifts totaling 20,000.00 were given to him. Is this taxable to him?
    Tags: None
    #2
    Question for you

    When you have a birthday party, do you report the gifts on your tax return?
    To me, these situations are analagous.

    Comment

      #3
      Payments or gifts made by a congregation and others to a retired minister (because of age or disability), if he is not expected to perform any further services, are non-taxable.

      Comment

      Previous template Next

      Disclaimer

      Collapse

      This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

      Working...
      X