Hi,
Crafting a tailored PowerPoint presentation for Clergymen, I will delve into advanced tax laws, meticulously covering topics such as House Allowance, distinctions between employee and self-employment, Social Security coverage, and exemptions from self-employment taxes (SECA). The content will extend to practical aspects like Form 4361, preparation for tax returns, and maintaining year-round records, providing sample forms for streamlined record-keeping.
Additionally, the presentation will explore organizational structures like LLCs, and considerations for receiving payment in one's name, and offer detailed insights into the benefits of itemizing versus standard deductions, accompanied by a clear tax bracket chart.
Moving beyond, the second paragraph will address specific tax credits pertinent to Clergymen, encompassing the Earned Income Credit (EIC), Child Tax Credit (CTC), Other Child Tax Credit (OCTC), and the American Opportunity Tax Credit (AOTC). The presentation will also elucidate essential forms such as 1098-T and form 8863.
Let's have a chat to discuss the project further
Regards,
Zohaab i.