IRS Again Alerts Employers to Improper ERC Claims Third parties are using aggressive tactics and lucrative promises related to ERC claims. The Editors
Advantage Member Exclusive Getting Ahead of the 2023 Tax Season On-Demand Webinar: Ten tax developments church leaders should know for filing taxes this year- and for meeting tax requirements for the year ahead.
Advantage Members 10 Key Tax Developments Affecting Churches and Pastors in 2023 What you need to understand for 2022 filing and 2023 compliance. Richard R. Hammar
Court Sides with Church in Tax Delinquency Case But the case underscores the importance of knowing—and abiding by—state-specific tax exemption laws Richard R. Hammar
The Tax Implications of Churches and Political Involvement The tax implications for churches that engage in political campaigns and legislative lobbying. Richard R. Hammar
IRS Bumps 2024 Business Use Mileage Rate to 67 Cents Per Mile The IRS increases the 2024 business use mileage rate, but reduces the rate for medical or moving purposes. The Editors
A Church’s Tax-Exempt Status Does Not Extend to Its Minister Tax court confirms imposition of substantial penalties on taxpayer who claimed he functioned as a church. Richard R. Hammar
Excess Benefit Transactions Learn what common practices may expose senior pastors to substantial excise tax. Richard R. Hammar
How Church-Run Coffee Shops, Bookstores, and Other Ventures Can Trigger Tax Liability Seven articles to help you understand unrelated business income. The Editors
Important Notice for Churches Involved in Disaster Relief Remind donors of special higher contribution deduction limits before they expire on February 18. Michele Wales, CPA, and Sophie Brown
Latest Form 990 Exemption Challenge Dismissed on Technical Grounds Atheist group targeting reporting exception for churches says it will resolve technical problems and try again. Matthew Branaugh
Evaluate Property Tax Exemptions Annually In many states, the first part of the year is the time to address property tax exemptions. From the staff of Batts Morrison Wales & Lee
“Parking Lot Tax” Officially Repealed A controversial 2017 provision affecting churches nixed through spending packages signed in late 2019. Elaine Sommerville, Frank Sommerville, and the Editors
Mastering Seventeen End-of-Year Financial Tasks Mastering seventeen end-of-year financial tasks before January 1, 2024, to help churches and ministers thrive with the upcoming tax season. The Editors
Q&A: Can We Give Additional Income to a Church Employee Who Opts Out of Our Medical Plan? Increasing an employee’s paycheck in lieu of participation may jeopardize your medical insurance plan for all participants. Elaine L. Sommerville
How New IRS Reform Affects Taxpayers Increased penalties, new improvements will affect all tax-filers, including pastors and staff members. Richard R. Hammar
Religious and Individual Giving Dipped in 2018 Newly released philanthropy report reveals decreases in giving that may, in part, be due to tax policy changes. Chris Lutes
Q&A: Does a Gift to Support a Camp Counselor Have Tax Implications? If a payment of $600 or more is intended to help cover the student’s expenses, then it is reported on the student’s Form 1099-NEC. Elaine L. Sommerville
Q&A: If an Outside Group Uses Our Building, Will that Jeopardize Our Property Tax Exemption? Seven questions to help understand the potential implications of these arrangements. Richard R. Hammar