Category Archives: 07 – July 2015

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

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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

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

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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

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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