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Church Finance Today

May 2017
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Feature Article

The Return of Tax-Free Medical Premium Payments

The Return of Tax-Free Medical Premium Payments Subscriber access only

New act addresses ACA penalty many employers, including churches, faced.

Articles

Cell Tower Leases: Easy Money or Never-ending Headaches?

Cell Tower Leases: Easy Money or Never-ending Headaches? Subscriber access only

What churches need to know before renting their property to a communications company.
Tax Calendar

Tax Calendar

Important deadlines for churches and ministers

May 15, 2017

  • An annual information return (Form 990) for tax-exempt organizations is due by this date for 2016. Form 990 summarizes revenue, expenses, and services rendered. Organizations exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code must report additional information on Schedule A. Churches, conventions and associations of churches, “integrated auxiliaries” of churches, and church-affiliated elementary and secondary schools are among the organizations that are exempt from this reporting requirement. Organizations not exempt from this reporting requirement must file the Form 990 if they normally have annual gross receipts of $25,000 or more.

May 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) ...

Monthly requirements, May/June 2017

If your church or organization reported withheld taxes of $50,000 or less during the most recent lookback period (for 2017, the lookback period is July ...

Semiweekly requirements, May/June 2017

If your church or organization reported withheld taxes of more than $50,000 during the most recent lookback period (for 2017, the lookback period is July ...

Funding Church Plants

Funding Church Plants

Infographic: Comparing church planting beginners with planting strategists.
Understanding Church Insurance

Understanding Church Insurance

Understand your church's insurance needs to be assured you have adequate coverage.
2017 Church & Clergy Tax Guide

2017 Church & Clergy Tax Guide

Find comprehensive help understanding United States tax laws as they relate to pastors and churches.