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Category Archives: Pay Roll Taxes
The Church as a Taxpayer
The Church of God Benefits Board has a specific free manual dealing with the church as a “taxpayer.” The manual can be accessed on our web site by going to our manuals page or by going directly to The Church … Continue reading
Tax Withholdings for Ministerial Staff
Much has been written about the “dual” tax status of ministers. In very simplistic terms, ministers are viewed by the IRS as an “employee” for federal income tax purpose but as “self-employed” for Social Security purposes. This dual status creates … Continue reading
Taxable Christmas Gifts
After the holidays are over, the church must sort out which “gifts” to employees and ministers were taxable and which were not. Generally, it is assumed that no gift is taxable. However, the Internal Revenue Service does not agree with … Continue reading
New Video Clips Available from Benefits Board
Our latest project at the Benefits Board is a few short, informative videos we believe will be helpful to church members, pastors, and especially church treasurers. To access the five new videos, simply go to our website, http://www.benefitsboard.com, and click … Continue reading
Expiring Tax Provisions
As we enter the heart of the political season, you will begin to hear much discussion concerning which Presidential candidate, or which political party, has the best tax policies. Most of the discussion will center around whether the “Bush tax … Continue reading
IRS Webinar for Churches and Religious Organizations
On Wednesday, July 25, 2012 at 2:00 pm Eastern Time, Senior Tax Law Specialist Virginia Richardson of the Internal Revenue Service will lead an internet-based webinar on tax issues facing churches and religious organizations. This webinar is free and all … Continue reading
Social Security Benefits Statements are Now Available Online
The Social Security Administration is now providing online statements for individuals to view the estimated benefits that person will receive when they retire, replacing the paper statements the agency use to mail out a couple months prior to your birthday … Continue reading
Gifts Designated for Pastor
Responding to an inquiry by a constituent of U.S. Senator Johnny Isakson (D-GA), the Internal Revenue Service in 2009 addressed the tax consequences of a church member’s contribution to his local church when the donor designated the contribution to help … Continue reading
Most Common Mistakes on Tax Returns
If you have not yet filed your tax return, you should be aware of some common mistakes that the IRS says occurs on tax returns. These simple mistakes could delay the processing of your return or delay your expected refund. … Continue reading
Your 2% Raise EXTENDED Through 2012!!!
As a part of the “Tax Relief and Jobs Creation Act,” passed by Congress in the closing days of 2010, there was a partial payroll tax “holiday” provided to employees in 2011. This provision was set to expire on December … Continue reading
