How can Clergy Better Care Make Informed Choices in their Financial Planning?

Are You Considered an Employee (1040) or Self-employed (1099)?
• IRS test to determine tax status
• What to do if your current tax status is misclassified

How do you Determine Parsonage/Housing Allowance?
• What can be included; excluded
How is a Parsonage/Housing Allowance Taxed?
• Federal and State taxes

What are Business Expenses?
• What can be included; excluded
• How is it taxed?

What is an Accountable Reimbursable Plan?
• What is it, how it works, benefits and potential pitfalls

How About Love Offerings, Additional Free-lance Income?
• How is it taxed?

How About Retirement Plans?
• The difference between a 403(b) plan and a 403(b) ‘church’ plan
• Contributions to a retirement plan
• Rolling over a church plan
• Taxing of benefits during retirement

And Insurance?
• Taxation of disability and long-term care benefits
• Life insurance

How do you Set up an Endowment Fund?

What About Investments: Retirement Plans, Endowment Funds?
• Short, medium and long term allocations
• Socially responsible investing

What’s an Investment Policy Statement?
• Purpose, benefits

How About Fundraising for your Institution?
• Donation of money, insurance, securities, IRAs, etc.
• Merchant credit card contributions

Who Should Attend . . . Clergy and other church leaders who are involved in clergy compensation, tax and investment issues. The Seminar will help each of them be better informed.

Costs . . . Registration for the conference is $10.You may register by May 1 online or by sending the Registration form with the appropriate fee to the Queens Federation of Churches, 86-17 105th Street, Richmond Hill, NY 11418-1597. Registration opens at 9 a.m. on Thursday. The Seminar begins at 9:30 a.m.

Our Leadership . . . Laurence Dresner is a Chartered Financial Consultant (ChFC), a designation conferred on individuals who have passed a rigorous series of comprehensive tests and maintain annual continuing education requirements. He’s been a financial planner for over fifteen years and is an Accredited Tax Preparer (ATP).
Mr. Dresner is also an author, columnist, and public speaker. His book is titled Personal Finance for Clergy. He has written articles that have appeared in several finance industry trade publications. Mr. Dresner has given seminars at several seminaries in the tri-state area as well as teaching adult education courses. He has served as a board member on his organization’s Executive Committee, Board of Trustees and was the investment manager for it’s endowment fund. Mr. Dresner is a member of several financial industry organizations including the Financial Planning Association (FPA) and National Association of Tax Professionals (NATP).