Love offering to a member...

by db
(MN)

Our church took an offering for one of our members and it was a significant amount. Is the member receiving the offering required to pay taxes? Secondly, is the church required to pay gift taxes?


Thanks.

Comments for Love offering to a member...

Click here to add your own comments

Mar 03, 2014
Love offering to a member. . .
by: Lewis in NC

The answer to your first question is yes since the church should also prepare a 1099 form for the member. The answer to the second question is no. Please read more under the tab to the left, "Gift to Individual."

Mar 10, 2014
Love offering to a member...
by: Anonymous MN

If the Love Offering to a non employee member is a benevolent gift ...

... according to Zonervan's 2014 Church and Nonprofit Tax & Financial Guide written by Dan Busby CPA, J Michael Martin JD, John Van Drunen JD, CPA, page #110,

'Benevolence payments to nonemployees are not reportable on Form 1099-MISC or any other informational form. Benevolence payments to employees are reportable on Form W-2.'

Mar 11, 2014
standing corrected
by: Lewis in NC

I stand corrected; it sounds like the law puts the full burden of any tax reporting on the nonemployee recipient of the love offering. I will get me a copy of your source--the reviews of it are excellent. Thank you for sharing the clarification.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Love Offerings.

Need a Consultation, help setting up an effective Accounting System, or someone to do your monthly bookkeeping?