Landmark Tax Service has been serving clergy and called workers since 1995, offering comprehensive tax preparation, financial planning, retirement planning, and specialized services for ministers, ensuring personalized attention and expertise in navigating complex tax laws.
Specialization in clergy and called worker tax services
Personalized financial planning
Compliance training for New York employers
Services
Tax Preparation Services
Comprehensive tax preparation and planning for individuals, including clergy and called workers.
Personalized attentionExpertise in clergy tax lawsFinancial planning integration
Personal Financial Help
Guidance on financial planning, retirement planning, and investment strategies.
"Courteous, professional, timely and well versed."
Frequently Asked Questions
What is the difference between a housing allowance and a parsonage? +
A housing allowance is a tax-free stipend provided by a church to cover housing costs, while a parsonage is a church-provided residence whose value is also tax-free if it does not exceed reasonable compensation for the minister’s duties.
Can ministers deduct health insurance premiums? +
Yes, ministers can deduct 100% of their health insurance premiums if they are not eligible for a group health plan, similar to other self-employed individuals.
What is the Social Security self-employment tax rate for ministers? +
Ministers are considered self-employed for Social Security purposes and pay the self-employment tax rate, which is currently 15.3%, on their net earnings from ministry.
How does Landmark Tax Service handle estimated tax payments for ministers? +
Ministers should either pay quarterly estimated tax payments or agree on voluntary payroll withholding. Estimated payments are due on April 15, June 15, September 15, and January 15 of the following year.
5.0
