Category Archives: Charitable Gifts

Year-End Contributions to Your Retirement Account

All pension contributions received in the Board’s office by the close of business on Friday, December 27, 2019, will be posted to the participant’s account and will apply against the participant’s 2019 contribution limits. Contributions received in this office after … Continue reading

Posted in 12 - December 2019, Charitable Gifts, Ministers, Retirement Contributions | Leave a comment

Year-End Contributions to Churches

As we approach the end of each year, there are always questions about the tax deductibility of charitable contributions made to local churches. The rule is relatively simple – donors must deliver or mail (with the postmark visible) checks on … Continue reading

Posted in 12 - December 2017, Charitable Gifts | Leave a comment

Year-End Contributions to Churches

As we approach the end of each year, there are always questions about the tax deductibility of charitable contributions made to local churches. The rule is relatively simple – donors must deliver or mail (with the postmark visible) checks on … Continue reading

Posted in 12 - December 2016, Charitable Gifts | Leave a comment

Audit Tips

Your chances of being audited by the Internal Revenue Service are going up, but only slightly. For example, in 2001 the IRS audited 732,000 individual returns compared to only 618,000 in 2000. However, in 2014 the IRS was expected to … Continue reading

Posted in 03 - March 2015, Chaplains/Evangelists, Charitable Gifts, Form 1099, Form W-2, Informational Manuals, Internal Revenue Service, Ministerial Housing Allowance, Ministers, Pay Roll Taxes, Social Security, Tax Information | Leave a comment

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

Posted in 01 - January 2015, Charitable Gifts, Informational Manuals, Internal Revenue Service, Ministers, Tax Information | Leave a comment

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

Posted in 01 - January 2015, Charitable Gifts, Informational Manuals, Internal Revenue Service, Ministers, Tax Information | Leave a comment

Returning Building Fund Contributions

Many, if not most, churches have established a specific fund to receive building fund donations. This fund is designated solely for building purposes and accumulates money until the project is completely funded. In limited situations, the building project is never … Continue reading

Posted in 11 - November 2014, Charitable Gifts, Church Loans, Tax Information | Leave a comment

Tips from the IRS for Deducting Charitable Contributions

The Internal Revenue Service, along with Christianity Today magazine, has released a list of helpful tips when it comes to claiming a charitable contribution as a tax deduction. The following are a few of those tips: To be deductible, a contribution must … Continue reading

Posted in Charitable Gifts | Leave a comment

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

Posted in 01 - January 2014, Charitable Gifts | Leave a comment

Charitable Acknowledgements

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

Posted in 01 - January 2014, Charitable Gifts | Leave a comment