by Ceballos
(Rhode Island)
Every year my pastor gets $7,000.00 as a gift from the church. Is this money reportable to IRS by both my church and the pastor?
1Comments
Pastor's Annual Gift
VVickey
Yes it would be taxable income to your pastor and would need to be included in box 1 of his W-2.
It would need to be reported in your accounting records for the church, but a church does not report to the IRS its income and expenses.
It would need to be reported in your accounting records for the church, but a church does not report to the IRS its income and expenses.