Jump directly to the Content

What Church Treasurers Should Know About "Conversion"

Conversion has a much different meaning from a legal perspective.

Wyoming
State:

Kenyon v. Abel, P.3d (Wyo. 2002)

Background. As a church treasurer, you may think that you know everything there is to know about conversion. After all, isn't it simply a matter of an unbeliever coming to faith in the redemptive work of Christ? While this may be true theologically, the word "conversion" has an entirely different meaning from a legal perspective, and this is the meaning that is addressed in this article.

A recent case. Whenever property is donated to a church, there is a possibility of a mistake in the valuation of that property by either the donor or the church. The tax code has greatly reduced the risk of overvaluations of donated property through more rigorous substantiation requirements. But occasionally, donated property may be substantially undervalued, and this can lead to unexpected consequences, as a recent case illustrates.

A woman (Ruth) was a friend ...

Join now to access this member-only content

Become a Member

Already a member? for full access.

Related Topics:
Posted:
  • February 3, 2003

Related ResourcesVisit Store

2021 Church & Clergy Tax Guide (Book)
2021 Church & Clergy Tax Guide (Book)
The most comprehensive and authoritative tax guide available.
Planning a Church Building Project
Planning a Church Building Project
Learn about zoning laws, property sales, church construction, financing, and more.
Managing Church Facility Use
Managing Church Facility Use
Find insights to equip your church to host members and strangers.
Receipts for Donors
Receipts for Donors
16 letters and forms for providing receipts to donors for different donations.