Looking for a helpful–and easy–way to remember federal payroll tax reporting requirements as a church? Check out this handy, printer-friendly PDF we've prepared titled "Ten Steps to Tax Reporting."
Here's a sneak peek:
10) Complete Forms 1099-MISC and 1096. Must be issued to any nonemployee who is paid compensation of at least $600 during any year.
9) Determine the amount of income tax to withhold from each employee's wages. The amount of federal income tax the employer should withhold from an employee's wages may be computed in a number of ways—the most common are the wage bracket method and the percentage method.
Read the remaining eight by downloading the PDF.
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