How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask R. Klein, EA Your Own Question

R. Klein, EA
R. Klein, EA, Enrolled Agent
Category: Tax
Satisfied Customers: 2882
Experience:  Over 20 Years experience
63817126
Type Your Tax Question Here...
R. Klein, EA is online now
A new question is answered every 9 seconds

DO CATHOLIC PRIESTS HAVE TO INCLUDE THE FMV OF THEIR PROVIDED

Customer Question

DO CATHOLIC PRIESTS HAVE TO INCLUDE THE FMV OF THEIR PROVIDED LIVING IN THEIR SOCIAL SECURITY TAX CALCULATIONS, IF SO HOW DO YOU DO THAT IF THERE IS NO VALUE ESTABLISHED BY THE CHURCH
Submitted: 1 year ago.
Category: Tax
Expert:  R. Klein, EA replied 1 year ago.

Randalltax :

Thank you for contacting me about your Tax issue. I will work hard to help you understand the issue clearly.

Randalltax :

Yes, unless you are exempt, you include the Fair Market Value of the parsonage or provided living quarters as taxable to Social Security.

Randalltax :

The church or organization is supposed to provide that value to you.

Randalltax :

Did you receive a W-2?

Randalltax :

Are you preparing a tax return in TurboTax, or by hand? or some other method?

Customer :

yes, I do have a w2 for the priest but the church doesn't give any information on the value of housing, right now I have the entire w2 subject to social security, do I need to add an additional amount for the housing

Customer :

hi are you still working with me on this question or is that the end of our interaction, thanks

Randalltax :

I can come in an out of the session.

Randalltax :

Are you working in a software like TurboTax?

Customer :

yes, prosystems,

Randalltax :

I do not know that package.

Randalltax :

In any case, you will need to figure out how to first determine the amount, then second, include it in Schedule SE

Customer :

pro systems fx by intuit,

Randalltax :

The package is not by Intuit.

Randalltax :

I work for Intuit.

Randalltax :

Intuit has ProSeries, TurboTax and Lacerte only.

Randalltax :

ProSeries and ProSystems are not the same.

Customer :

Proseries

Randalltax :

fx is a professional package.

Randalltax :

OK.

Randalltax :

However, I do not work with Proseries regularly. It may be similar to TurboTax in that you enter this amount of housing allowance on the W-2 worksheet.

Randalltax :

It auotmatically carries to the right place.

Customer :

How do you go about figuring the value of the housing, the amount in box 1 of the w2 represents the cash he recieved for salary

Randalltax :

It is not part of the W-2 itself, but there are additional entries on the worksheet

Customer :

no entries on the worksheet

Randalltax :

Again, the FMV of housing cannot be determined by "an outsider".

Randalltax :

Like I said earlier, I do not know the particulars of that software, my aplogies

Customer :

Okay, so if the church doesn't designate it, then you as the preparer can't? my question sis not about the package but about tax law, thanks

Randalltax :

The preparer cannot make up data. The client must come up with the number.

Randalltax :

I always lay the responsibility for the numbers to go into the return on the client.

Customer :

I understand that, I'm not sure who does the returns for the church and the payroll process, I was hoping to be able to go back to the priest and give him some thoughts so he could talk to the person responsible in regards to how to do that.

Randalltax :

That, my friend, falls into my category of "not my problem". I simply tell the client I need a value. How he gets it is his problem. It is unlikely that this is the first time the priest has had this question.

Randalltax :

I'm not being mean...

Randalltax :

It's just that I cannot provide information or tell someone how to get information.

Customer :

Thanks

Randalltax :

Have a great weekend

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Meet The Experts:

 
 
 
  • Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
< Last | Next >
  • http://ww2.justanswer.com/uploads/KU/KUMI95/2013-9-30_195031_kumar.64x64.jpg Wallstreet Esq.'s Avatar

    Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
  • http://ww2.justanswer.com/uploads/CU/Cuttinggirl/2011-10-29_03719_wcrop2.64x64.jpg Wendy Reed's Avatar

    Wendy Reed

    Enrolled Agent

    Satisfied Customers:

    3052
    15+ years tax preparation and tax advice.
  • http://ww2.justanswer.com/uploads/CATax/2009-08-04_204548_Mark.jpg Mark D's Avatar

    Mark D

    Enrolled Agent

    Satisfied Customers:

    985
    MBA, EA, Specializing in Business and Individual Tax Returns and Issues
  • http://ww2.justanswer.com/uploads/IN/insearchoftheanswer/2013-8-16_0233_attorney.64x64.jpg Richard's Avatar

    Richard

    Tax Attorney

    Satisfied Customers:

    3229
    29 years of experience as a tax, real estate, and business attorney.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

    Megan C

    Certified Public Accountant (CPA)

    Satisfied Customers:

    6121
    Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
  • http://ww2.justanswer.com/uploads/JG/jgordosea/2012-6-7_43138_GordosVeritas.64x64.jpg jgordosea's Avatar

    jgordosea

    Enrolled Agent

    Satisfied Customers:

    2783
    I've prepared all types of taxes since 1987.
  • http://ww2.justanswer.com/uploads/OZ/ozaukeecpa/2012-6-7_193219_Picture1croppedandshrunk.64x64.jpg MequonCPA's Avatar

    MequonCPA

    Certified Public Accountant (CPA)

    Satisfied Customers:

    2231
    CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
 
 
 
Chat Now With A Tax Professional
R. Klein, EA
R. Klein, EA
Tax Professional
2882 Satisfied Customers
Over 20 Years experience