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We have only 1 employee in our church, the secretary. The pastor is self-employed, but elects voluntary withholding. When completed my 941, do I only
I agree with your reasoning. Are ministers to receive a W2 with only housing allowance listed in Box 14? I did read the answer to this question in a submission
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If a church were to pay its pastor a small amount and designate it all as housing allowance, such as in your $500 / month example above, how would it be
Thank you for all of your help using QB within a church. We have been using QB for a couple of years. My question: we recently moved monies out of
Where do I place my housing allowance deduction on my IRS form as it is included in my salary?
My church pays half of the taxes of the pastor quarterly. I know the financial support for his tax from the church should be added to his income. What
Can anyone please explain how you have set up a sweep account in Quickbooks? I had found through some research, that it was to be set up as a sub bank
Bookkeeper errors are hard to spot for many church administrators. See what to look for to know if your bookkeeper is keeping your books correctly.
I work for a church we have a pastor that was ordained part way through 2018 does he have to pay SE taxes of the full amount of his pay? Or pay SE only
For regular church employees, the ss and med wages is increased by their 401k contributions on the w2. Should the ministers' contributions be as well?
I am making a principal loan payment. I am crediting operating account, debiting designated fund. I am creating the journal entry to reduce the long term
Should the Car maintenance and gas fall under the Pastor's benefits or Church Operating Expense on the budget item line?
I understand that the IRS allows that housing allowance is not included in gross income. But what about state tax laws. Do they follow the IRS guideline
A housing allowance is a great tax benefit for ministers. See how to set up and administer this allowance. Q and A forum.
I am a church secretary and also a member of the church. Should I receive a 1099 or a W-2?
Can I deduct Expenses on a Sch C for SE even if I a paid on a W2?
Our small church is lucky enough to own a parsonage. How much would that affect designating funds as housing allowance? The fair market value is quite
A chaplain created a 501 3 c for his chaplaincy ministry. Can that ministry board designated a housing allowance for the chaplain?
When an appliance is purchased on a payment plan, when does the expense become part of housing? The full amount at the time of purchase or the monthly
A retired businessman thinks our church can save money by using on-line banking to pay our bills. But we are concerned about a paper trail for audit
This is our first year that our Pastor has received an occasional stipend from our church. How do we go about reporting this #1 for our Pastor and #2
This is my first time filing taxes as a bivocational pastor. I only take a housing allowance from the church. I had them withhold federal taxes on
Our worship leader performs the task as a ministry to the church (he takes no salary). However, he has asked for child care reimbursement, as the time
We have a salaried Youth Pastor who is working toward his divinity degree. As part of the agreement the church has with him, he is reimbursed for any school
Is there a process to get approval from the Federal Government before claiming housing allowance? Some sort of form to submit?
We received donations from church members for a reimbursement of a mission leader appreciation dinner. I do not know how this should be added to QBO!
Does anyone have a sample of a letter to go along with a refund of a restricted donation that was requested by the donor?
We are trying to make sure our chart of accounts is categorized correctly. Besides our tithes and offerings, which we categorized as non-profit revenue
I am using the social security on line site to file the w2's for our pastors who receive $24000 and $20,000 annual compensation which is all designated