PPP and Minister’s Housing Allowances

PPP and Minister’s Housing Allowances

ISSUE The SBA has clarified whether expenses paid for housing allowances could be included in “payroll costs” when figuring the amount of spending on covered costs during the 8-week period after receiving PPP funds.  This can be important for applying for “PPP...

Minister’s Housing Allowance Update

ISSUE In 2017, a Wisconsin judge ruled the “longstanding tax code exemption for religious housing” under I.R.C. Section 107(2) unconstitutional pending decisions of higher courts.  Any updates on that? SITUATION Idaho Bible College and Seminary (IBCS) is a private...