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Oct 10, 2017
4:41
:35
pm
BYU-Ite
All-American
Hey -- I'm a fan. Learned something new today.
I hadn't read the H. report. And while it isn't strong standing where it isn't codified by court, at least it is something. Thanks for the reference.
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BYU-Ite
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BYU-Ite
Joined
Jan 9, 2002
Last login
Jun 8, 2024
Total posts
8,134 (17 FO)
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Messages
Author
Time
Alright CB, Tax Question re: senior missionaries. I'm a CPA, and I could go to
Cougarpolis
10/10/17 12:29pm
What do normal parents deduct for their missionary sons?
Grit for Brains
10/10/17 12:31pm
or daughters, guessing the monthly $400?
Grit for Brains
10/10/17 12:33pm
Yes, the donations to the church are deductible. Typically, in a full or near
Cougarpolis
10/10/17 12:36pm
RE: Yes, the donations to the church are deductible. Typically, in a full or
mkscougar
10/10/17 1:45pm
Are they out of country? Don't have to pay taxes if you're OOC
UberDeek
10/10/17 12:32pm
Nope. East Coast.
Cougarpolis
10/10/17 12:34pm
Not to mention, that's not exactly true. If they have income, they still pay
Cougarpolis
10/10/17 12:37pm
Uh...What? You absolutely still pay taxes if you are out of the country.
CDV
10/10/17 12:36pm
Seriously? I don't pay taxes if I'm in Utah county. My essential oils dealer
rcbyufan
10/10/17 12:40pm
The United States taxes its citizens on their worldwide income, regardless of
BYU-Ite
10/10/17 1:00pm
I only have 1 experience with solid information. A couple served in Nauvoo and
JAGA97
10/10/17 12:37pm
Donations Through Ward Mission Fund?
FMCougar
10/10/17 12:52pm
The CPA in me says yes, your donations to the ward mission fund would be
Cougarpolis
10/10/17 12:58pm
Not Sure
FMCougar
10/10/17 1:01pm
Right, I think your approach is correct. As I think about it more I think meals
Cougarpolis
10/10/17 12:53pm
No. The meals are not deductible. Only the meals that they provide for others
BYU-Ite
10/10/17 12:55pm
Meals should be deductible under "Health Expenses" cuz no eat, get sick and die.
ByuMba90
10/10/17 1:02pm
You do realize you're posting on a thread with a bunch of CPAs right. Don't
Cougarpolis
10/10/17 1:15pm
Good point.
ByuMba90
10/10/17 1:19pm
Treasure Reg. Section 1.170A-1(g) talks about contribution of services
oohYeah
10/10/17 1:10pm
It almost feels like I'm not wasting my time on CB today
. This is helpful.
Cougarpolis
10/10/17 1:21pm
I agree with this. The only divergence I have is when it comes to temporary
BYU-Ite
10/10/17 1:57pm
again, extremely helpful. Thank you.
Cougarpolis
10/10/17 2:12pm
Yes, I agree. I has to be more than one year so it's not temporary.
oohYeah
10/10/17 2:38pm
Sorry -- not trying to argue, I think you meant the other way around though.
BYU-Ite
10/10/17 2:51pm
Yes, I meant the other way around. But we still believe the direct expenses
oohYeah
10/10/17 4:19pm
Hey -- I'm a fan. Learned something new today.
BYU-Ite
10/10/17 4:41pm
RE: Alright CB, Tax Question re: senior missionaries. I'm a CPA, and I could go
buhlcougar
10/10/17 1:22pm
Thank you. The challenge is the scale up from overnight campout to 12 month
Cougarpolis
10/10/17 1:47pm
This is correct on the deductibility of the expense, but you also have to
BYU-Ite
10/10/17 2:01pm
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