Section 139 of the Internal Revenue Code allows you to offer nontaxable financial help for expenses directly related to the coronavirus.
Correctly report tax liability with this helpful reference guide.
When it pays to get tough on contributions.
Don't let generosity trigger costly tax penalties.
Though rare, blind spots can trip up any church.
Can a church be named as a beneficiary under a life insurance policy?
How to report correctlyCorrection will increase or decrease taxes 1 reporting Social Security taxes as
Ministers often make these 20 errors—here's how to avoid them.
Can we give a sizable love gift to our pastor and distribute our assets to another ministry?
Article summary. Church members often make “designated gifts” to their church. Such gifts specify that
Donor failed to record donations and transferred car ownership to an individual.
Recent court ruling highlights several important guidelines for church treasurers.