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X-ORIGINAL-URL:https://bnb.cpa/
X-WR-CALNAME:Battershell Nichols & Blum
X-WR-CALDESC:Certified Public Accountants
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DTSTART;TZID=America/Los_Angeles:20250129T130000
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DTSTAMP:20250115T134232Z
CREATED:20250115
LAST-MODIFIED:20250115
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SUMMARY:Tax Considerations When Renting Ministry Parking to Others
DESCRIPTION:A growing trend for churches and ministries that own their property is the renting of parking spaces to others outside their organization. Whether the rented parking spaces are for periodic or 24/7 usage, there are tax consequences that come with these income opportunities.\nThe tax consequences of renting parking spaces differ for Washington State excise taxes, Washington State property tax exemption, and IRS unrelated business income taxes. Failure to understand the rules can lead to penalties and interest on unreported taxable revenues and unpaid property taxes. In our next webinar, Rick Battershell will unpack this to help you better understand the tax implications related to renting parking spaces as outlined in Washington State and IRS tax rules.\nThis upcoming webinar will be held on Wednesday, January 29, 2024, at 1 pm. We will explore:\n\nSales and Business & Occupation taxes in Washington state\n\nReal estate rental exception for full-time rentals\nSales and B&O taxes for part-time rentals\nTaxes when renting a specific portion of a parking lot\n\n\n\n \n\nProperty taxes in Washington state\n\n15-day commercial use exception\nEstimated potential real estate taxes\nAllowing the public to use parking spaces for a donation\n\n\n\n \n\nIRS unrelated business income taxes\n\nTaxes when the property has acquisition debt\nReal estate rental exception for full-time rentals\n85% use exception – how it applies\nTax forms to file\n\n\n\n \nTo register for this free 1-hour webinar, click on this link ( https://battershellnichols.webinarninja.com/live-webinars/10645686/register ). If you want to see this webinar but are unable to attend the live event, please register, and we will send you a link to the recorded webinar afterward for you to view at your convenience.\nNote: CPE Credit is available for those who attend the live webinar.\nWebinar CPE info:\n\nPrerequisites and Preparation: None\nDesigned for ministry managers and boards to provide a basic understanding of the IRS regulations\nCPE credit: 1 hour, Technical\nFormat: Live webinar presentation\n\n
URL:https://battershellnichols.webinarninja.com/live-webinars/10645686/register
ORGANIZER;CN=Battershell & Nichols:MAILTO:
CATEGORIES:Churches and Ministries
ATTACH;FMTTYPE=image/png:https://bnb.cpa/wp-content/uploads/2025/01/Parking-Lot-Rental.png
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