This accounting blog...
Should a Pastor file schedule c to reduce his self-employment income by any deductions since he is considered self-employed for social security tax purposes
I'm wondering if a Pastor's severance pay would get reported on their W2 with wages reported in box 1, or in box 14 alongside housing. Thank you!
I had all my pay distributed as Housing Allowance & received a W2 showing no wages. I'm trying to determine the actual housing expenses but wasn't sure
TCJA says that meals are only 50% deductible. Can I still reimburse my pastor under an accountable reimbursement plan for 100% of his meal expense or
I want to make substantial donation to my church. Can I effect that donation by not taking the salary budgeted by the church? Can my W-2 income be only
What form do I use to report housing allowance for a bi-vocational pastor that receives no salary (only housing allowance)?
Can the church elect to withhold FICA taxes on Housing and pay the employer portion on 941 quarterly tax forms and include the housing payments in the
Is there a code for line 14 when you claim a housing allowance?
I'm assuming that if a church cannot afford to reimburse legitimate expenses, the church could make a receipt available to recognize the expense as a donation
Over the past 2 years, we have held several benefit/silent auction signings to raise money for a Van Fund at our church. These monies were donated &
I am trying to get a handle on how to properly process and record donations/contributions received through special offerings specifically designated for
If we collect funds for Church owned Preschool, is this considered pass-through income? Or can we call it outreach when the funds are given to Preschool
so when filling out W3 form we wouldn't include the Pastor's housing allowance as wages if all the salary that the Pastor is receiving is the Housing Allowance?
My church allocated $20000. towards housing allowance for me, which is my whole salary. It feels like I am paying more because of the self-employment
I just read your article regarding the exemption of Housing Allowance from gross income. I'm a bi-vocational minister at a local church who is compensated
The IRS site has a Local Standards: Housing and Utilities chart that shows how much you can take as Housing allowance in your state county. If you
Our church has recently suffered severe water damage and we are starting to receive insurance checks to help offset the costs of the repairs. How do
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Our new Youth Pastor's housing allowance didn't make it in the budget approval prior to the new year, however, we did call a special meeting in January
Review the 3 requirements for accountable reimbursement plan reimbursements to be considered accountable.
Installed a new HP OfficeJet 6978 printer. Also have large Toshiba copier in the office. The HP is set as the default printer, but in check pay the system
Preparing and understanding financial statements for a church or nonprofit.
Love offerings should follow a guideline to determine if they are taxable to the recipient and tax deductible to the donor.
Our church is planning on allowing a quartet that performs sacred music to hold a concert at the church. The quartet wants to collect a freewill offering.
Youth minister (part-time). Salary is $20,600. Expense allotment is $12,000 (accountable reimbursement). Housing allowance is $8600. Do I do a W-2
We are on a July 1 to June 30 fiscal year. How do we handle the housing allowance? Vickey's Reply: Housing allowance payments are totaled and reported
How to report on the W-2 employee paid 403b and Health insurance payments deducted from employees salary?
We have a retired pastor who receives a small retirement amount that is 100% Housing. He is issued a 1099-R. If we give the reitred pastor a Christmas
Is the proper wording for Box 14 Housing or can Parsonage be used as well? Vickey's Reply: Box 14 is an informational box for the employee (The IRS doesn't