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Lane
Lane, JD,CFP, MBA, CRPS
Category: Social Security
Satisfied Customers: 10898
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial, Social Security & Tax advice since 1986
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What does a ordained minister do to get back into Social

Customer Question

What does a ordained minister do to get back into Social Security?
Submitted: 6 months ago.
Category: Social Security
Expert:  Lane replied 6 months ago.

Hi. My name's Lane. I can help you here.

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I'm so sorry, but this is an irrevocable election.

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Congress HAS provided a couple of opportunities (with the last one expiring in 2002) for a minister to opt back in, but both had very narrow windows of time. (Details are in IRS Pub 517)

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https://www.irs.gov/pub/irs-pdf/p517.pdf

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You can, of course do other work, and have no CHOICE about paying-in (either as an employee other than as a minister OR as a self-employed individual doing anything other then ministerial work).

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YOu can also read about this here: http://www.ecfa.org/PDF/10_Fundamentals_Clergy_SS_Optimized.pdf

Expert:  Lane replied 6 months ago.

Please let me know if you have ANY questions at ALL

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I hope you’ll rate me (using those stars, or faces on your screen, by clicking submit) based on thoroughness and accuracy, rather than any good news / bad news content. Otherwise I’m working for no crediting at all here.

Thank you!

Lane

I have a law degree, (Juris Doctorate), with concentration in Tax Law, Estate law & Corporate law, an MBA, with specialization in financial accounting & tax, a BBA, and CFP & CRPS designations, as well - I’ve been providing financial, Social Security/Medicare, estate, corporate, non-profit, and tax advice, since 1986.