Category Archives: Uncategorized

IRS Launches “Get My Payment” Website

Late in the afternoon on Tax Day, April 15, the U.S. Department of Treasury and the Internal Revenue Service launched the “Get My Payment” website for those who filed a tax return in 2018 or 2019, but did not provide their direct … Continue reading

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Stimulus Bill Changes Retirement Plans for 2020

The stimulus bill, signed by President Trump on March 27, 2020, formally known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), provided some specific changes to retirement plans, including the Ministers’ Retirement Plan administered by the Church … Continue reading

Posted in 03 - March 2020, 2020, Uncategorized | Leave a comment

Benefits Board Operations Continue Uninterrupted

As the coronavirus situation evolves worldwide, the Church of God Benefits Board, Inc./Ministers’ Retirement Plan is working hard to make sure that our operations continue normally, and that we are always here to serve our participants. As of today, the … Continue reading

Posted in 03 - March 2020, 2020, Uncategorized | Leave a comment

Comments on the Upheaval in the Financial Markets due to the Coronavirus

“The downturn in the financial markets over the past few days have been a stark reminder to all of us that while stocks move upward, they also can move down.  After more than a decade of increases, the substantial downturn, … Continue reading

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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 Services Online (BSO)” and register as a … Continue reading

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IRS Announces 2020 Standard Mileage Rate

The Internal Revenue Service recently issued the revised standard mileage rate which is used to calculate the deductible costs of operating an automobile for business purposes during 2020. Beginning January 1, 2020, the standard mileage rate for the use of … Continue reading

Posted in 01 - January 2020, 2020, Uncategorized | Leave a comment

Impact of Tax Reform Bill on Ministers and Churches

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

Board Manuals Updated for 2018

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 2018. From the Board’s web site, you can access … Continue reading

Posted in 01 - January 2018, 2018, Uncategorized | Leave a comment

Holiday Hours

MERRY CHRISTMAS FROM THE BENEFITS BOARD!!  Now that we are approaching the end of the month, the staff at the Benefits Board is making plans for Christmas and the end of the year. With minor exceptions, the Benefits Board will … Continue reading

Posted in 12 - December 2016, Uncategorized | Leave a comment

In the Know LIVE Webinar

In the Know LIVE Webinar Thursday, August 4 2:00 – 2:30 PM EST Topic: Retirement Planning Everyone would like to retire comfortably, but sometimes the complexity and time required to build a successful retirement plan can make the whole process … Continue reading

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