Benefit

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?

Comments for Benefit

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Feb 21, 2012

Pastor's Annual Gift
by: Vickey

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.

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

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