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Church Law & Tax Report

November/December 2017
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Feature Article

Retirement Planning for Pastors

Retirement Planning for Pastors Subscriber access only

Discerning the financial and tax benefits—and drawbacks—of numerous retirement plans.

Articles

Taking the Right Steps to Establish a Retirement Plan

Taking the Right Steps to Establish a Retirement Plan Subscriber access only

Early planning can avoid IRS trouble—and provide well when retirement comes.

A Caution for Church Volunteers Deducting Expenses Subscriber access only

Recent Tax Court ruling addresses common expenses and charitable contributions.

Sample Housing Allowance for 2018

(for ministers who own or rent their home)
Recent Developments

Recent Developments

Issues that affect ministers and churches, with Richard R. Hammar
Kentucky
Personal Injuries on Church Property or During Church Activities

Court Rules Release Form Does Not Prohibit Minor from Suing Church After Summer Camp Injury Subscriber access only

In Brief

In Brief

Key news recaps

"Breakaway" Diocese Can't Keep Properties Worth $500 Million Subscriber access only

But due to a split decision in the South Carolina Supreme Court, the new diocese can keep name, marks, and seals.
Tax Calendar

Tax Calendar

Important deadlines for churches and ministers

December 31, 2017

  • Churches must designate a portion of each minister’s compensation as a housing allowance by this date in order for ministers who own or rent their homes to receive the full benefit of a housing allowance exclusion for calendar year 2018. The designation should be adopted during a regular or special meeting of the church board, and should be contained in the written minutes of the meeting.

Monthly requirements, November/December 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, November/December 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 ...

November 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) may file their employer’s quarterly federal tax return (Form 941) by this date instead of October 31 if all taxes for the third calendar quarter have been deposited in full and on time.
The Effect of Tax Deferral

The Effect of Tax Deferral

Infographic: How does tax deferral affect your retirement?
Communicating During a Church Building Project

Communicating During a Church Building Project

Learn ways to keep communication at the forefront throughout your building project.
Mastering Business Expenses

Mastering Business Expenses

Understand business expenses and the reimbursement laws.