Scacpa's Weekly Federal Tax Update

Lynn Nichols Federal Tax Update Podcast March, 27 2019, Episode 36 Listen as Lynn Nichols provides commentary on 4 Items pertaining to current developments in U.S. tax law.  Supporters of Clergy Housing Allowance Savor Court Win Supporters of a long-standing clergy housing tax preference are breathing easier now that the provision has survived a court challenge over its constitutional [Tax Notes Today; 3/18/2019, Article by Fred Stokeld] Seventh Circuit Holds Housing Allowance Exclusion Constitutional The Seventh Circuit reversed a district court decision and held constitutional section 107(2), which allows ministers to exclude from income a housing allowance paid to them as part of their compensation, finding that the exclusion doesn’t violate the Establishment Clause. [Annie Laurie Gaylor et al. v. Steven T. Mnuchin et al.; No. 18-1277; No. 18-1280, 3/15/2019]   Group Representing Auto Service Shops Denied Exemption The IRS denied tax-exempt status to an organization seeking exemption as a business l