by Ev
(Green Castle, MO)
Our pastor is given a pension (% of salary) paid for by the church. This does not reduce his taxable income, where is this reported on the W-2?
1Comments
retirement money
SSandi
Box 12
Here is the link for the IRS on common errors and common codes to use: http://www.google.com/search?q=irs+retirement+on+w2&rls=com.microsoft:en-us:IE-SearchBox&ie=UTF-8&oe=UTF-8&sourceid=ie7&rlz=1I7GFRE_en
for all codes you can go to the general instuctions for W-2: http://www.irs.gov/instructions/iw2w3/ar01.html
It also depends on how it is given (part of his benefit package or can he choose to receive it as income if he wants ect.)
Prayers
Here is the link for the IRS on common errors and common codes to use: http://www.google.com/search?q=irs+retirement+on+w2&rls=com.microsoft:en-us:IE-SearchBox&ie=UTF-8&oe=UTF-8&sourceid=ie7&rlz=1I7GFRE_en
for all codes you can go to the general instuctions for W-2: http://www.irs.gov/instructions/iw2w3/ar01.html
It also depends on how it is given (part of his benefit package or can he choose to receive it as income if he wants ect.)
Prayers