Several important tax developments occurred in 2021 that affect tax reporting by ministers, church staff, and churches for the upcoming tax-filing season as well as reporting and records-keeping requirements in 2022 and beyond.
Key changes and updates arose on a variety of fronts, including substantiating charitable contributions, the validity of exemptions from Social Security for ministers, and the types of penalties leaders can face due to excess benefit transactions, among others.
In this exclusive, one-hour webinar for Church Law & Tax Advantage Members, attorney and CPA Richard Hammar further explores these developments–and several more.
Download the presentation slides to follow along and take notes as you watch.
Find out what you need to know for 2021 filing and 2022 compliance in this article, 10 Key Tax Developements Affecting Churches and Pastors in 2022.