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Side Question: What if I formed an LLC, paid myself from the LLC as an employee, and made part of my own compensation a housing allowance?
Is this shady or smart? lol
Ah that’s a bummer lol
So, I’m starting a church. Reaaalll laid back. Completely remote, hang in the discord on Sundays kind of vibe.
Can I get some tax benefits now? 😓
From my own research, I _believe_ this is possible. I believe I would still be required to pay self-employment tax, but not income tax.
Legal and encouraged.
I don’t think this would apply since you’re a contractor you’re not an employee (1099 not W2). Did you find a specific section that relates to contractors?
I mean I did some googling, read a lot about ministers of churches and their housing benefits. But...not thorough enough research.