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

Posted in 08 - August 2015, Internal Revenue Service, Ministers, Tax Information | Leave a comment

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

Posted in 08 - August 2015, Informational Manuals, Internal Revenue Service, Ministers, Tax Information | Leave a comment

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

Posted in 07 - July 2015, Informational Manuals, Ministerial Housing Allowance, Ministers, Tax Information | Leave a comment

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

Posted in 07 - July 2015, Expenses, Informational Manuals, Internal Revenue Service, Ministers, Tax Information | Leave a comment