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I have heard from many pastors that the majority of tax preparers and tax preparation services that they have worked with in the past are inexperienced when it comes to understanding and properly handling the unique issues surrounding the pastor’s income and, in particular, housing allowance. I would suggest that, if you choose to use an individual or a service to prepare your taxes, make sure that the specific person you will be working with has experience with pastoral tax issues. If you’re having a hard time finding someone like that, I would suggest asking other local pastors for reco...

Posted on January 12th, 2021 Garvin Karunaratne, PhD in Non-Formal Education & Agricultural Economics, Michigan State University Formerly of the SLAS- Government Agent, Matara in 1971-1973.  A Country that is saddled with a massive unsustainable foreign debt- as much as $ 56 billion, the servicing of which requires some $ 4 billion annually, where the outlay required for imports far outweighs the value that can be realized from exports, where the normal inflow of dollars from Middle East workers has ceased,  has the only option of import substitution to enable its ...

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