Category Archives: Tax Information

New Changes to Overtime Rules Adopted

Posted on September 25, 2019 by benefitsboard

Many church leaders think that the “wage and hour” laws, and particularly overtime pay rules, do not apply to churches. That could not be further from the truth. Churches and church employees are NOT exempt from the “wage and hour” … Continue reading →

Posted in 09 - September 2019, Pay Roll Taxes, Tax Information | Leave a comment

Impact of Tax Reform Bill on Ministers and Churches

Posted on March 6, 2018 by benefitsboard

NOTE: Please see information below about new online calculators and W-4 Forms from the IRS. Also, join us at 2:00 pm ET on Thursday, March 8, 2018 for a one-hour live webinar on the Tax Reform legislation. As we have … Continue reading →

Posted in 03 - March 2018, 2018, Internal Revenue Service, Tax Information | Leave a comment

Remember New Filing Date for W-2s and 1099s

Posted on January 18, 2018 by benefitsboard

Although we are only a few weeks into the new year, church treasurers hopefully have already given W-2s to employees, Form 1099s to independent contractors, and charitable receipts to all that contributed more than $250 at any one time to … Continue reading →

Posted in 01 - January 2018, Internal Revenue Service, Tax Information | Leave a comment

Impact of Tax Reform Bill on Ministers and Churches

Posted on January 16, 2018 by benefitsboard

Congress ended 2017 by passing the largest tax bill in over 31 years. While many call this tax reform, in reality it was just tax legislation. On the positive side, the Benefits Board, with assistance from some of our Administrative … Continue reading →

Posted in 01 - January 2018, Internal Revenue Service, Tax Information, Uncategorized | Leave a comment

New Filing Date for W-2s and 1099s

Posted on December 9, 2016 by benefitsboard

With just a few days left before the new year, church treasurers are hopefully already making preparations to get out W-2s to employees, Form 1099s to independent contractors, and charitable receipts to all that may have contributed more than $250 … Continue reading →

Posted in 12 - December 2016, Form 1099, Form W-2, Tax Information | Leave a comment

Tax Webinar Recording is Now Available for Viewing

Posted on March 31, 2016 by benefitsboard

Missed the latest In the Know LIVE Webinar?  We’ve got you covered. A recording of the In the Know LIVE Tax Webinar is now available for viewing on our website.  Simply go to www.benefitsboard.com, click on the Resources Tab, then Webinar Recordings.  A … Continue reading →

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Posted in 03 - March 2016, 2016, Ministers, Tax Information | Leave a comment

In the Know LIVE Webinar

Posted on March 9, 2016 by benefitsboard

In the Know LIVE Webinar March 30, 2016 2:00 – 2:30 PM EST Topic: Tax Filing Issues Tax season is here and Tax Day is quickly approaching.  Don’t let the pressure of preparing and filing weigh you down.  Relieve some … Continue reading →

Posted in 2016, Tax Information, Uncategorized | Leave a comment

Business Expenses

Posted on August 19, 2015 by benefitsboard

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

Posted on August 12, 2015 by benefitsboard

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

Posted on August 5, 2015 by benefitsboard

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