Search this site with the Site Map or Site Search
MUST HAVE REFERENCE GUIDE
by Lori Buchter
(Visalia, CA USA)
Our church employees receive a discounted rate for their children enrolled in our Preschool (2 - 4 years old). Is the difference in the discounted rated declared as income for tax purposes?Does a preschool fall under section 170(b)(1)(a)(ii) of the tax code?Should the this be reported on the employee's W2?
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Church Accounting FAQs.
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!
Quick Links: Home | Blog | Newsletter | Free Spreadsheets
Products: Church Accounting Book | Church Accounting Package | Spreadsheet Package
Support: FAQ | Church Accounting FAQ | Contact
Church Accounting Package!
By Vickey Boatright Richardson Copyright © 2008-2020 All rights reserved