Join now to access this member-only content
Become a Member
Already a member? Log in for full access.
Churches need to report each employee's taxable income and withheld income taxes as well as Social Security and Medicare taxes on Form W-2, and furnish copies B, C, and 2 of the 2019 Form W-2 to each employee by January 31, 2020. Copy A should be submitted to the Social Security Administration by January 31, 2020, along with Form W-3, Transmittal of Wage and Tax Statements.
If your employees give their consent, you may be able to furnish Forms W-2 to your employees electronically. See IRS Publication 15-A for additional information.
Although W-2s are not difficult to prepare, there are some tips you should know.
First, be sure to add cents to all amounts. Make all dollar entries without a dollar sign and comma, but with a decimal point and cents. For example, $1,000 should read "1000.00." Government scanning equipment assumes that the last two figures of any amount are cents. ...
Related ResourcesVisit Store
2020 Charitable Contribution Bundle
Implement processes designed to stimulate and nurture benevolence in your church.
Church Finance
Learn about budgeting, financial reporting, tax compliance, insurance coverage, and more.
Your Guide to Employee Handbooks
If updated regularly, an employee handbook can offer valuable legal protection against civil court claims made by disgruntled staff members.
Unrelated Business Income — The General Rules
How unrelated business income, and the possible taxes owed from it, works for churches.
