Church Finance Today

April 2001
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Feature Article

Must Churches Pay Accrued "Comp Time"? Member access only

A New York court addresses an important question.


Tax Court Denies Deduction for a Member's Contributions to Church Member access only

Court ruled church member failed to prove his contributions.

Charitable Donations Act Upheld Member access only

Act protects charitable donations made by bankrupt debtors.

IRS Addresses Form 8282 Reporting Requirement Member access only

Penalty will be issued if form does not list donor's social security number.

Proposal Would Increase Charitable Giving Member access only

Report predicts additional $14.6 billion in charitable gifts would result.

Top 10 Errors Made by Paid Preparers Member access only

Some errors resulted in additional taxes for the taxpayer.

Court Rules Assignments of Income to Third Parties are Taxable Member access only

Employees must pay tax on income, even if they assigned it elsewhere.