Correct information for Pastor W-2
Example: Our pastor and his spouse receive a salaries, housing, two vehicles with insurance, hospitalization insurance, dental insurance, contributions to an HSA, contributions to a retirement fund, cell phones, travel fully paid, plus meals and semi annual monetary gifts of varying amounts, similar to a bonus, yet not taxed or reported as income.
I have received different information from various accountants and CPA's regarding what should be on the W-2 and really need clarification. Thank you.
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Minister's W-2.
Need training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!