This accounting blog...
Clergy tax factors you need to know before setting up your pastor's payroll or to ensure you are doing it right.
For a minister to opt out of social security there are several conditions that must be met before they can file an IRS Form 4361.
I recently left my position as a worship pastor at a church in Maryland and are relaunching a church in Arizona as the senior pastor. In the process,
I'm still unsure about this. I've read quite a few articles and most tend to agree that the love offering donations are taxable income for the Pastor who
If a Pastor is retired from secular work and is collecting Social Security, is he still limited to what the church can pay him without interfering with
We have a new interim pastor who wants $19,000 cash salary, $20,000 housing allowance, and $26,000 deferred compensation. He has set up an account with
I am a commissioned counseling minister and also ordained by a church and act as a pastor with no salary. When I begin a counseling relationship, I take
A local church in mt are gave parishoners thousands of dollars to invest for the next several weeks. Then they give it back, and interest collected goes
My church accepts Tithes and Offering 3 different ways. In person giving during service, through Givelify an online giving site, and through cash app.
We are paying someone to help us with the completion of form 4361. They are asking me to send a 'letter of intent to exempt'. This form needs a signature
Our pastor announced his resignation earlier this month. Our deacon board decided to hire someone to paint a painting of our church as a farewell gift.
How do I obtain a W-2 and W-3 to complete for my pastor? I have signed up thru the IRS several times but it will not let me download the forms. Tired
If each pastor has a credit card in the church's name that is paid for by the church, to be used for church/ministry expenses, is there any reason to also
How should a nonprofit record donations by check, specifically when it is from a joint bank account? Should they be recorded as being from the person who
I had to go back and file my 2018 taxes. I am using H&R Block software. The church I pastored did not report my housing allowance on the W-2, which was
Are there transaction fees for using online giving in addition to the monthly subscription? Many sites charge 2%-5% of the transaction amount plus .30
My husband and I went into ministry 6 years ago. When I filed our taxes with H&R Block, I inquired about why we were paying self-employment taxes. I
Louisiana does not exempt churches from sales tax. Sales tax not collected at time of purchase on items used in the operation of the church such as bibles,
Bookkeeping for PPP funds for churches
My housing allowance of $25,000 for 2020 was adopted by the Board in December 2019. I will be retiring on July 31. Can I claim on my 2020 tax return
We do not provide a salary for our pastor, only a weekly $200.00 housing allowance. Should we include this amount on the 941 Quarterly form?
I am the treasurer for a small church. We have 2 employees, both pastors, who have elected to be employees for tax reporting purposes. Due to their housing
Can a minister who is 69 and presently an employee of his church and receiving a housing allowance also use a housing allowance designated by his retirement
When a pastor moves to a new church and buys a new home, does the down payment on a new home factor into minister’s housing allowance?
We have a new minister joining our staff. The plan is for he and his wife to use dual living space - their primary home and a church owned property - until
As pastor, I have just become aware that we are paying our church organist by sending her pay to her landlord for a partial on her rent. A lawyer that
As independent contractor, organist, now that churches are closed during pandemic. Can I collect unemployment?
Our church borrowed money for a building. Debit Bank / Credit Note Payable This makes my bank balance but ... How do I get the money into the designated
Our youth minister is part time. We have been treating him as an employee withholding SS, State tax, and Fed Tax. He has a full time secular job where
For a minister working part-time and all of his salary is designated housing allowance, what software program will accept a clergy W2 with box 1 empty?