kara is ordained minister and church provides her housing allowance which she spends to rent her home and pay utilities Kara can exclude 1. housing allowance from net income for income tax 2. housing allowance from net earnings for Self-employment 3. portion of the allowance spent on utilities from net earnings for self employment 4. housing allowance from bet esrnings for all tax

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Filing Federal Income Tax Return

A tax is the amount of money paid to the government on the revenue earned by the individual or business organization. It acts as an income for the government and an expense for the individual or business organization. There are different regulations regarding filing an income tax return in other countries.