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Retirement Planning

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Is Form 2031 the form an exempted minister uses to re-elect social security coverage ?

The Form first used to claim exemption from social security is filed on IRS Form 4361. The exemption once granted is irrevocable unless requested within a 27 and a half initial period. Exempted Ordained Ministers, Priests, or Rabbi's may revoke the original election and re-elect social security coverage by filing out IRS Form 2031. Once you revoke the exemption you can never elect exemption from social security coverage again.

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