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Question:

Below is an extra credit tax case. Read the facts and the issues. Give final case in the form of a 1-2 page memo using the Facts/Issues/Analysis/ Authorities /Conclusion format, with these titles clearly labeled. You can use the Facts and Issues section below directly in your memo.

Facts

A congregation needs to assist an Imam with housing, and makes donations to their mosque accordingly.

Issues

1. Evaluate the tax rules for a parsonage usually?

2. Under each of the subsequent conditions, what are the tax implications to the Imam and mosque?

a. The mosque provide the donated money to the Imam to purchase a house

b. The mosque loans the money to the Imam, interest free, for him to purchase a house

c. The mosque constructs a house for the Imam to live in, rent-free

Taxation, Accounting

  • Category:- Taxation
  • Reference No.:- M9718604

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