Founding Pastors compensation
My husband and I are the founding pastors of a small church that has been in existence for about 14 years.
Before 2013, we did not receive any compensation at all (or salary of any kind) from the church. In November of 2016, my husband promoted a top elder to the position of pastor. Since then (when it was financially possible), the church has been providing him with a monthly pastoral compensation. He shows his position as a "self-employed person" on federal taxes with that yearly amount listed as business income. Does the church need to issue a 1099-Misc form for this year to document the payments? Thanks.
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