Patriot Software Advisor

Minstry getting Taxed

by Jay

We started a ministry and are starting to receive substantial donations. In response to our blessing regarding growth, we got a EIN number, fictious name and bank account.

We are now tracking our accounting much better. We are going to giving out our yearly contributions statements this year.

My question is the following>>>>Without a 501c3 can we be taxed on the donations that we have received from that year? I was concerned that we will issue out all this statements and end up getting a bill one day or BTW we are from VA

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Contributions .

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!