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Church Finance Today

February 2017
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Feature Article

Setting Pay Packages for Pastors

Setting Pay Packages for Pastors Subscriber access only

Why churches need to get three tax issues right with compensation.

Articles

Housing Allowance Challenge Continues

Housing Allowance Challenge Continues Subscriber access only

FFRF's renewed effort may negatively affect this important benefit.
Tax Calendar

Tax Calendar

Important deadlines for churches and ministers

February 10, 2017

Churches having nonminister employees (or one or more ministers who report their federal income taxes as employees and who have elected voluntary withholding) ...

February 28, 2017

  • Churches file Copy A of Form 1098-C with the IRS by this date to report the sale or use of a donated vehicle. Generally, you must furnish Copies B and C of this form to the donor no later than 30 days after the date of sale if box 4a is checked, or 30 days after the date of the contribution if box 5a or 5b is checked. If box 7 is checked, do not file Copy A with the IRS and do not furnish Copy B to the donor. You may furnish Copy C to the donor. The donor is required to obtain Copy C or a similar acknowledgment by the earlier of the due date (including extensions) of the donor’s income tax return for the year of the contribution or the date that return is filed. File Copy A of this form with the IRS by February 28, 2017. If you file electronically, the due date is March 31, 2017.
Hosting a Safe Youth Retreat

Hosting a Safe Youth Retreat

Youth retreats can expose a church (or even the students themselves) to unique risks.
Essential Guide to Liabilities and Duties for Church Boards

Essential Guide to Liabilities and Duties for Church Boards

Be aware of ways you can expose yourself to personal legal liability.