Understanding Taxes on Educational Assistance for Churches
Discover how churches can provide educational assistance to employees while meeting IRS requirements and minimizing tax liabilities.
Clergy, Tax
Exemptions, filing tax returns, housing allowance, definitions, withholdings, penalties, audit risk, estimated taxes, Social Security reporting requirements, taxable income, love gifts, retirement gifts
What Churches Should Know About No Interest Loans
What are the tax implications or potential penalties of doing so?
What Church Treasurers Should Know About Rabbi Trusts
Discover how rabbi trusts benefit church retirement planning, including tax deferrals and key legal considerations for church treasurers.
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.
The Tax Consequences of Debt Forgiveness
Explore the IRS’s guidelines on debt forgiveness and learn how churches can navigate the tax implications effectively.
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.
Understanding Clergy Taxes: Key Insights for Churches
The essentials of clergy taxes, including IRS reclassifications, deductions, and tax impacts for churches and clergy members.
Eminent Domain and Churches: Understanding Your Rights
Discover how eminent domain impacts churches, with key legal insights and guidance for negotiating fair compensation.
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.
Clergy Taxable Income: Understanding Taxable Income and Gifts
Key insights into taxable income for ministers, including handling of bonuses, love gifts, and fringe benefits.
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.
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.
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.
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.
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.