Clergy, Tax Archives

The Tax Consequences of Reclassifying an Employee as Self-Employed

Discover the tax implications of reclassifying an employee as self-employed, including IRS guidelines, potential penalties, and compliance strategies for churches.

Richard R. Hammar

The Tax Consequences of Debt Forgiveness

Explore the IRS’s guidelines on debt forgiveness and learn how churches can navigate the tax implications effectively.

Richard R. Hammar

Returning Excess Salary: Navigating Excess Salary Taxes

Explore the essential steps for managing excess salary taxes, including repayments and payroll adjustments for churches and employees.

Richard R. Hammar

Understanding Clergy Taxes: Key Insights for Churches

The essentials of clergy taxes, including IRS reclassifications, deductions, and tax impacts for churches and clergy members.

Richard R. Hammar

Eminent Domain and Churches: Understanding Your Rights

Discover how eminent domain impacts churches, with key legal insights and guidance for negotiating fair compensation.

Richard R. Hammar

Sales Tax Exemption for Church Construction Projects: Understanding Roles & Responsibilities

Understanding sales tax exemptions in church construction projects is crucial for contractors and suppliers. This guide outlines key responsibilities and precautions to ensure compliance with state regulations.

Richard R. Hammar

Clergy Taxable Income: Understanding Taxable Income and Gifts

Key insights into taxable income for ministers, including handling of bonuses, love gifts, and fringe benefits.

Richard R. Hammar

Clergy Taxes: Employee vs. Self-Employed Status

Learn the key factors that determine whether clergy are classified as employees or self-employed for tax purposes, and how this affects tax reporting.

Richard R. Hammar

Clergy Taxes: IRS Rules on Club Dues and Business Expenses

Understand how clergy taxes impact club dues and IRS rules for reporting and deductions to maintain compliance.

Richard R. Hammar

Retirement Plans for Pastors Without Denominational Pension Plans

Learn about three key retirement plans for pastors without denominational pensions, including IRAs, 403(b) plans, and rabbi trusts.

Richard R. Hammar

Form 990: Does Your Church Need to File This IRS Form?

A comprehensive guide on whether churches must file Form 990, including exemption criteria and legislative updates.

Richard R. Hammar

Clergy Taxes: Should Ministers Revoke Their Social Security Exemption?

A guide for ministers considering whether to revoke their social security exemption based on the Tax Reform Act of 1986.

Richard R. Hammar

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