-
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 (4)
- 01 – January 2023 (3)
- 02 – February 2023 (1)
- 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: 01 – January 2015
Parsonage / Housing Allowances – IRS’s Perspective
The following article is directly reprinted from the Internal Revenue Service’s Tax Guide for Churches and Religious Organizations (Publication 1828). You may access the entire publication by clicking here: “Generally, a minister’s gross income does not include the fair rental … Continue reading
Charitable Gifts under $250 to Churches
Most church treasurers and donors are familiar with the current law concerning substantiation of gifts given to churches. If a donor gives any one gift that is in excess of $250, the church must provide a receipt to the donor … Continue reading
Charitable Acknowledgement
As a pastor, clerk, or church treasurer, you should make sure that any person who contributed more than $250 to your church within the year in a single gift gets a letter of acknowledgement from your church at least by … Continue reading
Tax Reporting and the Housing Allowance
Although the IRS instructions for Form W-2 do not require that the “fair rental value” of the parsonage be reported on the W-2, the Board joins the IRS (Instructions for Form W-2) in recommending that Box 14 be used to record this … 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
Online Filing of Forms W-2 & W-3 plus other Additional Tax Tips
Online Filing of Forms W-2 and W-3 Churches and other church-related employers, along with other businesses, may file Forms W-2 and W-3 electronically by visiting the Social Security Administrations’ website at www.socialsecurity.gov/employer/. On the website, you will need to select “Business … Continue reading
Tax Treatment of Retirement Plan Contributions
As for retirement contributions, whether such are reported or not on the participant’s Form W-2 depends on whether the contribution was made by the church or by the pastor/staff person through salary reduction. In the Treasurer’s Manual, we answer this … Continue reading
Completing the W-2 Form for 2015
By the end of January, the church treasurer must provide an IRS Form W-2 to the pastor and any other staff member of the church. In addition, IRS Form 1099s are provided to “independent contractors,” such as evangelist. A line-by-line … Continue reading
Board Manuals Updated for 2015
With each New Year comes new rules and regulations and new contribution limits. Therefore, all the Benefits Board’s free educational manuals have been updated to take into consideration all relevant changes for 2015. From the Board’s web site, you can … Continue reading
Board Offers Incentive to New Participants
In the recent meeting of the Board of Directors of the Church of God Benefits Board, the entity charged with managing the Ministers’ Retirement Plan, much discussion centered on encouraging new members, especially younger ministers, to join the retirement plan. Following the … Continue reading
Church of God Benefits Board, Inc. 