The above is an accurate estimate of my anticipated housing expenses. Should my housing expenses change significantly during the course of the year, I will promptly notify my employer and submit a new Parsonage Allowance Request Form.
I hereby agree to indemnify and hold Ma'ayanot harmless from any responsibility for any taxes, penalties, fines or other assessments resulting from parsonage payments. I realize that it is my responsibility to report as income to the IRS any part of the designated allowance, which in fact is not used for housing purposes. I am aware that I am personally liable for any Social Security/Medicare taxes that are due on the above stipend. I also realize that there is no pension match by Ma'ayanot on parsonage.