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TITLE 26. INTERNAL REVENUE CODE
SUBTITLE A. INCOME TAXES
CHAPTER 1. NORMAL TAXES AND SURTAXES
SUBCHAPTER B. COMPUTATION OF TAXABLE INCOME
PART III. ITEMS SPECIFICALLY EXCLUDED FROM GROSS INCOME
26 USCS § 107 (2003) |
§ 107. Rental value of parsonages
In the case of a minister of the gospel, gross income does not
include—
(1) the rental value of a home furnished to him as part of his
compensation; or
(2) the rental allowance paid to him as part of his compensation, to
the extent used by him to rent or provide a home and to the extent
such allowance does not exceed the fair rental value of the home,
including furnishings and appurtenances such as a garage, plus the
cost of utilities.
END OF STATUTE
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