This accounting blog...
I'm wondering if the tithes I donate to my church would still be eligible for tax deductions if I become an employee of the same church.
Misclassification of workers is a big issue with many small churches and nonprofits.
We have an hourly custodian employee who would like to have her husband help her clean and be paid for the hours that they both do together. For example
If a retired minister lives in an independent or assisted living facility, can the HA be used to pay for the expense of the facility, since that it is
Every I see says to fill out form 4361 to opt out of social security. However this form doesn't say social security, it says Exemption from Self-Employment
We've recently received contributions for our church's mission trip. For some checks received though, the memo line contains the name of the individual
What is considered by the IRS reasonable compensation for a pastors salary? Or can reasonable be whatever a church memer/pastor petsonally feels is appropriate
I don't want to make any assumptions: 1.Pastor announces a special collection to help his colleague(a visitor to the church) start a new church. Cash
How is the new tax reform laws in the TCJA affecting churches and nonprofits? Read how some of the new laws could require some them to file and pay taxes for the first time.
Review the 3 requirements for accountable reimbursement plan reimbursements to be considered accountable.
The hospital I am a chaplain for (I am an ordained minister) withheld Social Security on my entire salary, including the housing allowance. The IRS responded
My question is if I'm still an ordained minister and registered with the state but no longer employed by a church, can I still receive housing allowance
I am interested in learning more about when a pastor is considered a minister as determined by the IRS. I My full-time facilities manager has recently
under IRS Rules for 501c3 organizations, can a church send flowers to an individual with its fund, whether to a member or nonmember of church? In doing
I have just started doing the bookeeping for our small church. I am unfamiliar with pastoral payroll. I have three main questions outstanding following
Can this type of plan be set up for a volunteer in the church? Say the Pastors wife?
Preparing and understanding financial statements for a church or nonprofit.
My denomination allots a housing allowance of 75% of gross income, for which I can fully utilize by making additional house payments toward the mortgage
Can you tell me if there are any stipulations to offering a prepaid debit card for an allotted amount of hospitality to a church employee as part of their
If the church gives a housing stipend of say $2,000/mo ($24K/year) can there also be an equity share agreement with the church for that contribution.
Does the Housing Allowance belong anywhere on the 941 Form? Vickey's Reply: NO. Do not include housing allowance payments on the 941 form. The only
I am a bivocational pastor of a small church. The church has grown to the point where they are able to start thinking about a small compensation package
We recently started a private christian school under the umbrella of our church. We had someone donate a scholarship to the school. How would you
We recently sold some dishes from the church. What kind of entry needs to be made? The women's ministry bought them 30 to 35 years ago and we no longer
We receive monthly donations for missionaries in foreign countries. We send the money direct to them from our contributions funds according to donors request.
If I cannot earmark my donation to a specific person that I want to benefit from my donation, how is it possible that at Christmas Time when the newspaper
Our church reports income tax on Pastor's Gross Salary quarterly on the 941. When the W-2 is completed, $0 is entered for Box 2, Federal Income Tax.
We were just denied a mortgage loan because our HA has not been effective for 12 months. Apparently this was written into effect in Trump’s new law as
I have been one of the main buyers for our temple for many years, and recently the bookkeeper has told me (and others) that, to protect us in the case
Is there an IRS form for clergy to opt back into SECA? Or do they simply start paying self-employment taxes on Schedule E? Will this trigger an audit?