Taxation of the Church




	Taxation of The Church and The Staff Read The TOP TEN TAX MISTAKES committed by churches! Areas covered in my seminars and in the PowerPoint presentations listed below, include. Current IRS Concerns Ministers Tax Rules and Guidelines Real Estate Taxation of the Church Unrelated Business Income: Are you renting your parking lot? Payroll Taxation When do you send 1099's? Watch for changes in this area in 2007 Reporting Requirements for State and Federal Taxing Authorities IRS is looking at the church because the church assumes that what "we" did yesterday is okay today! We need to KNOW and FOLLOW the rules! These subjects are typically covered in a seminar for a multi-church session. You should also check out the slide shows For recent developments in this area see the Calendar and New events page Pastors It is imperative that you read, each year, some form of taxation review for ministers. For Southern Baptists, go to the Annuity Board and ask for the minister's tax guide. You can actually download a version. Here's the link for the 2006 edition. http://www.guidestone.org/ministrytools/ministerstaxguide.aspx Another FABULOUS resource: Worth's Income Tax Guide for Ministers. Written by B. J. Worth who has been writing and updating this guide since 1973. This is an awesome collection of information concerning all tax issues for the clergy and lay church employees. Published in 2006 by Evangel Publishing House 800- 253-9315 . I know it's also available from Amazon. Well worth whatever it costs! This is the book I use for researching something I'm not sure of---You know us CPA types, we know it all, we're just not sure of it all--so we have to research, to prove we were right. We're also never wrong! Guaranteeeed....Just ask my wife!! Worth Financial can be found at : http://www.worthfinancial.com Recent News or Interesting Events I can't emphasize enough " You must keep up with current laws and taxes affecting your church and your ministry." The best way I know how to do this is too subscribe to Church Tax and Law Report. No! I don't get any commissions from this publication. It's just a fact of life that for $39.00 a year, you and your church could save thousands of dollars--GOOD STEWARDSHIP ISN'T IT? http://www.churchlawtoday.com/ Church Tax and Law Report PO BOX 1098 Matthews, NC 28106 800-222-1840 $39.00 a year. Social Security Administration: The SSA has recently opened an online retirement planner that you can use to estimate your future SS benefits. It's Kinda Kool! (Don't holler about my speeellin! I figure that all words that start with a C should really start with a K) It kan't be totally accurate but you know if you start your retirement plans today you must use a lot of future guesses (assumptions) anyway so having a GUESS on what your future SS benefits will be can't hurt. You have started your retirement plan? Haven't you? You better! Forget college funds for the kids, start your retirement plan first! Questions?


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Taxation of The Church and The Staff Read The TOP TEN TAX MISTAKES committed by churches!

Recent News or Interesting Events