Attorneys Matt Branaugh and Rich Hammar hopped on camera to tackle seven common tax errors churches and church leaders make.
In this 20-minute companion video, Branaugh and Hammar call on case law, IRS guidance, and practical experience as they discuss why these errors are so common. They also touch on why they carry such large implications for church boards, pastors, and lay leaders. And they share a few helpful hints on correcting, if not avoiding, these errors in the future.
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By the way, the seven common tax errors are:
- Failing to Set a Housing Allowance
- Not Having an Accountable Reimbursement Plan
- Not Treating Clergy as “Self-Employed” for Social Security
- Trying to Avoid Paying FICA
- Treating Non-Ministers as Ministers for Tax Purposes
- Ignoring the Tax Implications of “Love Gifts”
- Ignoring the Tax Implications of “Loans”