Sign up to save your podcasts
Or
Share The Salary Reduction Tax Trap: Why Refusing Salary to "Tithe" Doesn't Work
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
The Salary Reduction Tax Trap: Why Refusing Salary to "Tithe" Doesn't Work
Your church board suggests reducing your salary to save on taxes. It sounds brilliant—lower salary means lower SECA taxes, right? Wrong.
In this episode, we expose why voluntary salary reduction arrangements violate IRS constructive receipt rules and could trigger audits, penalties, and financial chaos. Learn what the tax authorities actually say, and discover legitimate alternatives that provide better tax savings without the risk.
If you've ever wondered about creative compensation arrangements with your church, this episode could save you thousands in penalties and protect your ministry's financial integrity.
🔗 FULL ARTICLE: https://www.shepherdswallet.com/blog/the-salary-reduction-tithe-trap
RESOURCES MENTIONED:🏠 FREE HOUSING ALLOWANCE TOOL: shepherdswallet.com/housing-allowance-tool
📊 Pastor Tax Review: https://shepherdswallet.com/taxreview
💬 Join Sacred Capital Community https://shepherdswallet.com/join
📖 Pre-order "Shepherding Your Finances" (35% discount) https://shepherdswallet.com/book
This content is for educational purposes only and should not be considered personalized tax or legal advice. Tax laws are complex and individual situations vary. Please consult with qualified professionals for advice specific to your situation.
View all episodes
By Seth ScottYour church board suggests reducing your salary to save on taxes. It sounds brilliant—lower salary means lower SECA taxes, right? Wrong.
In this episode, we expose why voluntary salary reduction arrangements violate IRS constructive receipt rules and could trigger audits, penalties, and financial chaos. Learn what the tax authorities actually say, and discover legitimate alternatives that provide better tax savings without the risk.
If you've ever wondered about creative compensation arrangements with your church, this episode could save you thousands in penalties and protect your ministry's financial integrity.
🔗 FULL ARTICLE: https://www.shepherdswallet.com/blog/the-salary-reduction-tithe-trap
RESOURCES MENTIONED:🏠 FREE HOUSING ALLOWANCE TOOL: shepherdswallet.com/housing-allowance-tool
📊 Pastor Tax Review: https://shepherdswallet.com/taxreview
💬 Join Sacred Capital Community https://shepherdswallet.com/join
📖 Pre-order "Shepherding Your Finances" (35% discount) https://shepherdswallet.com/book
This content is for educational purposes only and should not be considered personalized tax or legal advice. Tax laws are complex and individual situations vary. Please consult with qualified professionals for advice specific to your situation.