The United States taxes its citizens on their worldwide income, regardless of

Oct 10, 2017
1:00:39pm

BYU-Ite All-American

where they reside or where the income was sourced. There are some credits and exclusions when making the calculation, but the taxable nature in the US of the income is crystal clear.

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BYU-Ite

Bio page: BYU-Ite
Joined: Jan 9, 2002
Last login: May 4, 2024
Total posts: 8,102 (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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