Refinancing can cost you the minister's housing allowance.

If you have MHA and refinance your home or do a cash out refi, you need to pay attention to how that will affect your minister's housing allowance. Watch this video to make sure you do this correctly and avoid issues with the IRS when you prepare your tax return. Find out more about me: https://www.wootencpa.com/about For help with individual (including clergy/pastor/missionary) taxes: https://www.wootencpa.com/individuals... For help with business & nonprofit taxes: https://www.wootencpa.com/business-ta... For business & nonprofit accounting / finance consulting: https://www.wootencpa.com/businesses-... For tax help, IRS liens, levies, tax debt, penalties, etc: https://www.wootencpa.com/tax-help For articles about tax and finance topics: https://www.wootencpa.com/blog Visit my company website: https://www.wootencpa.com/ ****************************** *Disclaimer: All information contained in my videos are for general educational purposes only. These videos are not meant to be used as tax advice for any specific individual, business, or other entity. You should consult with a CPA or other professional before making any decision that impacts your tax and financial responsibilities. Additionally, I am not a Certified Financial Planner and I do not give investment advice. Any information contained in my videos related to budgeting, finances, or investments are solely my opinions and are not intended to influence specific decisions you may make as it relates to your finances.