Advantage Member Exclusive Getting 2021 Year-End Tasks Right On-Demand Webinar: CPA and attorney Richard Hammar lists eleven critical tasks to focus on as 2021 draws to a close. Richard R. Hammar
Q&A: Are Churches Legally Required to Issue Statements for Every Contribution? What about a one-time donation of only $10? Are churches required to issue contribution statements for such small gifts? Matthew Branaugh
Tax Rules for Gifts of Personal Property Churches and their donors need to understand how to substantiate gifts— from cars to clothing. Bobby Ross Jr.
Q&A: Are Tax Deductions Allowed for Silent Auctions? Yes, but you must make sure the receipts you issue are appropriate under the circumstances. Michael E. Batts
How Long Should I Keep Income Tax Records? Know what to hold on to after your form is sent in. Richard R. Hammar
Defective Charitable Contribution Receipt from Church Bars Donor’s Deduction Church Law and Tax Report Defective Charitable Contribution Receipt from Church Bars Donor’s Deduction Key
Couple’s Charitable Contribution Deductions Denied after Failing to Meet Precise Requirements Church Law and Tax Report Couple’s Charitable Contribution Deductions Denied after Failing to Meet Precise
Q&A: Should Noncash Contributions Be Included in Donor Statements? Qualifying receipts should be issued for noncash donations separately from regular (cash) donor statements. Elaine L. Sommerville
Substantiating Noncash Contributions Requirements churches and donors must know and follow. Michael E. Batts
Q&A: How Do I Get Staff to Turn In Detailed Expense Reports? Start by setting the right tone—and example—at the top. Vonna Laue
Q&A: Tax Deductible Mission Trips Some people believe there is such a thing as a tax deductible mission trip. And that is true in certain conditions. Richard R. Hammar
Q&A: Credit Card Fees for Donations How does a church account for fees charged on donations? Michael E. Batts
Q&A: Hosting a Music Group at Church Don't allow any performances until your sought guidance from a competent tax adviser. The Editors
Q&A: Is Donated Parking Space Tax Deductible? A church member allows us to park our buses at his business. The Editors
Q&A: Donated Goods and Charitable Statements The member is allowed a noncash deduction for the fair market value of the item. The Editors
Q&A: Refunding a Contribution Is it legal (or moral) to give back a large financial gift at the donor’s request? Richard R. Hammar
Q&A: Can We Deduct Personal Expenses on a Church Card from an Employee’s Pay? How do handle undocumented charges on the church credit card. Richard R. Hammar
Navigating Mileage Reimbursements Follow these directions to substantiate driving expenses. Richard R. Hammar