This accounting blog...
Can a church give their pastor who is receiving Social Security and is being paid a housing allowance a personal retirement amount and he doesn't have
If a pastor and his wife work together can their salaries be combined and filed together on the pastors w2? Vickey's Reply: No. In no shape or form is
We have a minister who we pay $250 for each time he speaks at our church, so he is not an employee? He has asked that instead of making the check out
If a pastor owns their home free and clear (no mortgage), is the housing allowance then limited to only the actual expenses - insurance, taxes, utilities,
If a church reimburses a pastor for the purchase of a computer or any other church related technological device, does that make the computer property of
We have a church owned mission house. At this time, we have a previous IMB missionary living in the house. He has joined our staff for now and has
We are a small church and we have a parsonage that we are just remodeling for our new pastor. She has a fulltime job with another company with full
I currently work as an ordained hospice chaplain and the scope of the work qualifies me to receive the clergy housing allowance for ordained ministers.
We are a brand new church. we only pay a pastor for housing allowance. In this case, how can church report social tax (medical tax) for pastor? or
My husband & I started a church years back & in 2020 we decided that he should start receiving a small salary To make long story short, we took out fica
If our church wants to give the Pastor's wife a one time gift designated by the Board of Directors from our General Fund but specific offerings were not
Does one depreciate new sound equipment, total $3,000, but have individual prices? Church Building? I'm new at non-profit accounting and I see no depreciation
Our Ministry Council has no policy on how to manage unbudgeted items and wondered if anyone has a guideline. Do you have a maximum amount that you will
Our church bylaws provides an incentive of making available a $20,000 loan to help our new pastor purchase a home. The loan must be paid back with interest,
Should that amount be be included in his w-2 wages?
Our former pastor is deceased. We give his wife, the former first lady a monthly amount of support. What tax documents should be given at the end of
We have a new Sr. Pastor coming this May. Included in his financial package is an amount to cover health insurance for him and his family. Is this amount
Should I run the Pastor's retirement that the church pays, through his payroll? Our church provides a retirement benefit for the pastor. The church pays
My Church gives me a utility/parsonage exclusion. Should that amount appear on the W-2 and where?
I am a new treasurer for our church which also has a new pastor. Our church has never given a W2 before. I have a federal tax Id number but not a state
If a minister spends more in one month than is designated monthly, can it be considered part of the annual amount and still excluded from taxable income?
I have previously read do not include clergy Housing Allowance in Box 1 taxable income so I know that's the recommendation. However, if this does happen
who needs to sign the letter for taxes purposes regarding a pastors housing?
I live in Cook County, Illinois. Our church currently has a pastoral house which provides as the residence for our pastor. However, the pastor desires
Our pastor's amount earned is broken down by his salary/insurance/housing. For the quarterly 941 form on line 2 for wages do I include his total amount
Our church sent a pastor to a retreat to receive personal counseling and the church paid for it. It is all business (church) related. Is that a taxable
We are a very small church with two priests, both part time. We do no withholding of taxes for them but we do do a W-2 for them which is mainly a housing
April 15th 2021 will be the “2 year deadline” for me to file so I will be sending mine in this month (Jan 2021). If it takes longer than 3 months to
Is it an option to pay the staff as contractors and issue a 1099 to them? Or do they have to be employees and get W2s? And are there rules relating
We pay a worship leader $50 a week. Would we give her a 1099 or a W2?