-
Recent Posts
Recent Comments
Archives
Categories
- 03 – March 2018 (1)
- 05 – May 2016 (1)
- 09 – September 2015 (4)
- 2014 (44)
- 01 – January 2014 (14)
- 03 – March 2014 (10)
- 04 – April 2014 (6)
- 06 – June 2014 (4)
- 07 – July 2014 (1)
- 08 – August 2014 (2)
- 09 – September 2014 (1)
- 10 – October 2014 (1)
- 11 – November 2014 (1)
- 12 – December 2014 (4)
- 2015 (33)
- 01 – January 2015 (10)
- 02 – February 2015 (6)
- 03 – March 2015 (6)
- 04 – April 2015 (1)
- 07 – July 2015 (5)
- 08 – August 2015 (4)
- 11 – November 2015 (1)
- 2016 (18)
- 04 – April 2016 (1)
- 06 – June 2016 (1)
- 07 – July 2016 (1)
- 09 – September – 2016 (1)
- 10 – October 2016 (1)
- 11 – November 2016 (1)
- 12 – December 2016 (9)
- 2017 (8)
- 01 – January 2017 (1)
- 10 – October 2017 (1)
- 12 – December 2017 (6)
- 2018 (7)
- 01 – January 2018 (3)
- 02 – February 02 (2)
- 11 – November 2018 (1)
- 2019 (6)
- 01 – January 2019 (1)
- 03 – March 2019 (1)
- 09 – September 2019 (1)
- 11 – November 2019 (1)
- 12 – December 2019 (2)
- 2020 (5)
- 01 – January 2020 (1)
- 03 – March 2020 (3)
- 10 – October 2020 (1)
- 2023 (3)
- Cell Phones (1)
- Chaplains/Evangelists (16)
- Charitable Gifts (35)
- Church Loans (11)
- Credit Information (10)
- Expenses (23)
- Form 1099 (27)
- Form W-2 (88)
- Health Care (4)
- In the Know LIVE (2)
- Informational Manuals (39)
- Internal Revenue Service (183)
- Investments (27)
- Member Loans (2)
- Ministerial Housing Allowance (43)
- Ministers (132)
- National Debt (3)
- Pay Roll Taxes (28)
- Retirees (62)
- Retirement Contributions (56)
- Retirement Distributions (41)
- Social Security (26)
- Stock Market (10)
- Tax Information (205)
- 03 – March 2016 (1)
- Uncategorized (38)
- Webinars (1)
- Wills and Estates (10)
- Withdrawals (11)
Meta
Category Archives: 2015
FREE In the Know LIVE Webinar
In the Know LIVE FREE 30 Minute Webinar Friday, November 20, 2015 2:00 – 2:30 PM EST The holiday season is quickly approaching and before you know it the New Year will be here. Don’t get caught up in the … Continue reading
Posted in 11 - November 2015
Leave a comment
Charitable Non-Cash Gifts and Documentation of Non-Cash Gifts
Non-Cash Gifts The giving of items other than cash is unique and therefore most non-cash gifting should be completed only after consulting a tax professional. However, it is important for the church treasurer to understand the basic rules of non-cash … Continue reading
Posted in 08 - August 2015
Leave a comment
Business Expenses
Business expenses place more ministers in the “cross hairs” of the Internal Revenue Service than any other issue. Claiming excessive business mileage is probably the number one reason that ministers are audited. Usually, churches will adopt an accountable plan that … Continue reading
Posted in 08 - August 2015, Expenses, Ministers, Tax Information
Leave a comment
Items Not Considered as Reportable Income
Lawyers often jokingly state that there is a simple distinction between tax evasion and tax avoidance – twenty years in federal prison. Hiding income is tax evasion and punishable by imprisonment upon conviction. However, there are several items mentioned within … Continue reading
Reportable Income for Ministers
Ministers and churches often find it difficult to determine or agree upon what is or is not reportable income for the minister. However, it is the treasurer’s job to make this determination since he or she is responsible for reporting … Continue reading
Housing Allowance
Where a church has no parsonage, generally the church seeks to provide for the housing needs of the pastor by giving him a “ministerial housing allowance” so that he may secure his own home, either by renting or owning. Again, … Continue reading
Identifying and Reporting Business and Professional Expenses
It is normal for a minister to incur out of pocket business expenses throughout the year as he goes about conducting business for the church. However, many ministers and church treasurers are not familiar with how these expenses are to … Continue reading
Tax Reporting of Retirement Plan Contributions
Retirement plan contributions made by the church on behalf of the minister or a church-related employee are not required to be reported at all on Form W-2. In addition, amounts contributed to the retirement plan by a salary reduction agreement … Continue reading
Tax-deferred Retirement Accounts
The Minutes of the Church of God General Assembly state that the local church should make contributions “to the Church of God Ministers’ Retirement Plan for the pastor of an amount equal to at least 5 percent of the cash … Continue reading
Christian Legal Society Webinar
There are many ramifications of the same-sex marriage decision handed down recently by the U.S. Supreme Court. The Christian Legal Society will host a special webinar on Wednesday, July 8 at 2:00 pm (Eastern) to discuss the impact of this … Continue reading
Posted in 07 - July 2015, Chaplains/Evangelists, Ministers
Leave a comment