IRS creates new taxpayer-friendly tool to help individuals determine proper tax withholdings

New IRS Tax Withholding Estimator

Tell your employees about the new IRS Tax Withholding Estimator. The new taxpayer-friendly tool on helps workers tailor the amount of income tax their employer should withhold from their paychecks and avoid unexpected results at tax time. The Estimator allows filers to target a tax due amount close to zero or a refund around $500.

Notice of Proposed Rulemaking: Overtime Update

 On March 7, 2019 the Department of Labor announced a proposed rule that would make more than a million more American workers eligible for overtime.  Read More...

Clergy Housing Allowance upheld as constitutional by the Seventh Circuit

In March, 2019, the  7th Circuit Court once again upheld the Housing Allowance or Parsonage Allowance as constitutional, reversing an earlier district court decision to the contrary.  While this ruling only affects those in the 7th Circuit, who can now breathe a sigh of relief, it seems this might be an issue for the entire country to watch.  The Freedom From Religion Foundation who triggered this court battle may not be done challenging the constitutionality of the Internal Revenue Code section governing housing allowance and it is yet to be seen whether they will take this to the Supreme Court.  We will continue to monitor developments in this area and advise our clergy clients of any new developments.