Category: Church Compensation
The Six Requirements for a Charitable Contribution to be Tax Deductible
There are six requirements that must be satisfied in order for a contribution to be tax deductible. The IRS looks at the substance and not the form of a transaction
IRS provides transition relief for small employers
The IRS provided temporary transition relief for small employers (less than 50) concerning the payment of individual health insurance. Small employers are not required to pay the $100 per day
Tax Savings Tips
Tax Savings Tips Richard Hammar, attorney and CPA, writes the Minister Tax Guide which may be found at www.guidestone.org/LearningCenter/Ministry/MinistersTaxGuide. From the guide, here are Hammar’s most often missed tax savings
5 easy ways to help your minister save on taxes
It is tax time again! We are in the middle of tax season and the April 15th deadline is about 6 weeks away! The median family income in Alabama is
Year-End Checklist for Church Treasurers
Housing allowance. The personnel or stewardship committee (or the congregation) should designate a housing allowance for 2011 for ministers who own or rent their home (and for ministers who live
Important Tax News
IRS Mileage Rate The IRS business mileage rate for 2015 has just been released and is 57.5 cents per mile 2014-2015 Medical expenses – tax treatment The basic principle is
10 plus 20 equals 30
No, this is not a math class, but it is about priorities. Larry Burkett, Ron Blue and Dave Ramsey have spoken to a basic principle for years with regards to
Biggest Tax News for 2014
It is surprising that the biggest tax news for 2014 for many of our pastors and church employees is about health care. If the church pays for or reimburses individual
Minister’s Housing Allowance Update
A Wisconsin district judge ruled the minister housing allowance unconstitutional. This ruling affects only western Wisconsin and the order has been stayed (delayed) until all appeals have gone through the
by Dogwood