Pope LEO XIV can face a six-digit tax fee for a paycheck of 33,000 months

• As a American citizen, Pope Leo XIV The US government may be required to give a tax return and the tax liability may reach six digits. Because the US citizens in world-world revenue are taxed, Leo, if the United States does not rule out its citizenship or refuses to citizenship, the Vatican will have to return with some additional details based on bank accounts.

Pope Leo XIV may have to do as a newly selected leader of the Catholic Church, because it has nothing to do with the religion, on the contraryance: find an accountant.

The United States is one of only one handful of country Citizens living abroad tax. Thus, thanks to the Passport of the American, 69-year-old Chicago, which was last week as Robert Prevost, is likely to give a tax return to the US government as any other citizen, experts Fortune.

As Pope, Leo XIV has the right to receive a salary 30,000 eurosor $ 33,000 per month, which put its annual earnings per $ 396,000 per year. Unless the exception is not given, both the American Pope, the Both-Based Accountant Hector Castaneda’s salary can have a $ 135,287 tax liability that includes a salary Fortune.

Edward A. David, King’s Collecie Stool and Religious Studies in London Contest Professor. Washington Post It is difficult to know if the United States insisted on the collection of the Pope’s tax return and the government can release it. Still, Timothy Fogarty, Case Explained an accounting professor at Western Reserve University Fortune Most likely the Pope will not be free.

“Although there is an accountant for the mayor to be brought to the bear, the new Pope is impossible to exempt from US income taxes.

The Treasury Department did not respond immediately FortuneQuestion about whether the Pope is free.

From 2015 since 2023, Leo Xiv served as a bishop of Chiclayo where the United States is in the US tax system. Again, according to a higher salary, If he acceptsThe Vatican’s financial accounts may be more complicated than the provision of control and tax return.

The tax return is compulsory for all citizens and the laws may face a Hefty tax account in Leo XIV if applied as they would be for each citizen.

“If you keep the US citizenship, no matter where a religious leader is located, they said they have to pay us on income,” Castaneda said.

A spokesperson for the IRS refused to comment Fortune About Papa Francis’s tax liability.

“By law, federal workers are deprived of the information of the tax return,” the press secretary.

However, the choice to reduce the tax account, but the founder of the heart financial group to reduce the tax account, the founder of the heart financial group made to reduce the tax account Fortune.

In addition to a standard discount of $ 14,600, Leo, Papal apartments or late Pope Francis, as a preference residence, if a benefit or life is lived in the apartment provided by the Vatican, Casa Santa Martha.

The IRS, religious leaders allow the official apartment allowance, actual housing costs or residents, including the house (including furniture and utilities), Jensen, including Jensen’s rental value or exhibition.

Members of the clergy are considered self-employed for social security and medicare tax purposes, because Pope Leo had a conscientious protest in his career before, and he will leave for the fork for taxes.

Americans who usually earn money abroad will be able to get out of income of $ 130,000, but as a rule, the Vatican is undoubtedly suspicious of the income of a foreign government.

Pope Leo XIV can lead to a large financial complication of American citizenship, accidentally the Vatican. According to a foreign account, which reaches the tax evasion at the sea, the Vatican, IRS requires the details of the bank and brokerage accounts in Leo XIV accounts, Jensen’s data. As the head of the Vatican, Pope can also provide a document in Pope LEO XIV Form 8938 With the IRS.

Finally, US citizens who have final control over a bank account with a “signature body” or more than $ 10,000 must present a External bank account report To the unit of financial crimes of the Treasury Department. Vatican Bank since 2023 There was $ 6.1 billion in holding.

“As a US citizen with significant foreign relations abroad, it has complex reporting liabilities. Even the Pope can need a large CPA,” Jensen said.

This story was first displayed Fortune.com

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