It is time to do my taxes as a minister. What do I need to do to ensure I utilize my efforts with my tax preparer so as to have… Click To Read More "Least Possible Tax Liability"
Changes in the Tax Law Affecting Ministers
I understand there are several changes in the tax law that could affect a minister’s filing. Can you provide some of these? Yes, as always, there are changes in the… Click To Read More "Changes in the Tax Law Affecting Ministers"
Housing Allowances for Evangelists?
I am a full-time evangelist and drive from church to church for services. Can an evangelist have a housing allowance and if so, how is this established? Yes to your… Click To Read More "Housing Allowances for Evangelists?"
Bonuses and Gifts
Every year we provide bonuses and gifts to our employees at Christmas time. Is there any way to give these and not include the amounts on the employee’s W-2 forms… Click To Read More "Bonuses and Gifts"
Owing Back Taxes to the IRS
Recently, I received a phone call from a person stating they were with the Internal Revenue Service. The individual stated that I owed back taxes and that the IRS was… Click To Read More "Owing Back Taxes to the IRS"
Retirement Plans
I have been pastoring for about eight years and as of yet have not set up any type of retirement plan for myself. I understand that the church can fund… Click To Read More "Retirement Plans"
Keeping Legal and Accounting Documents Current
What is necessary to ensure that the church legal and accounting documents are current and up-to-date? I don’t want to get involved in possible litigation and be vulnerable by not… Click To Read More "Keeping Legal and Accounting Documents Current"
Updating Records and Documents
Our church has been established for several years and very little has been done to update any records or documents. What should we be reviewing to ensure we are protected… Click To Read More "Updating Records and Documents"
Finance – August 2015
There is much concern over the recent Supreme Court ruling concerning the requirements of marriage, etc. Is there anything needed by the church to ensure we have a right to… Click To Read More "Finance – August 2015"
Moving Expenses – Are They Deductible??
I have recently resigned as pastor of a church and will be moving over 500 miles to another church. What are the rules for moving expenses? Can I claim these… Click To Read More "Moving Expenses – Are They Deductible??"
Regulations Concerning Health Insurance Paid by the Church
What are the current regulations concerning health insurance being paid for by the Church? Small employers/churches may need to change healthcare policy to avoid excise tax. Notice 2015-17 gave… Click To Read More "Regulations Concerning Health Insurance Paid by the Church"
Pastoral Reimbursement
I am recently retired as pastor of a great church. The church wants to pay certain items for me such as housing allowance and possibly reimburse me for church-related expenses.… Click To Read More "Pastoral Reimbursement"