March 3, 2020
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Top Tax Mistakes Pastors Make
Barnabas Foundation's Rev. Phil Leo hosts Carolyn Van Allen, CPA, as they share the 5 most common mistakes pastors make on their tax returns.
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September 21, 2015
156
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8
Annual Compensation Review: Support for Pastors?
It's time for that uncomfortable conversation again: my compensation. I will be pointing to this question, “Is the level of financial support for the minister appropriate and sufficient?"
August 20, 2014
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Canada Insurance Coverage Summary
Do you want to know more about Insurance Coverage for your church? Church Protection Plus offers more than "inside and out" coverage.
August 19, 2014
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IRS Publications
The following link redirects you to the IRS Publications.
August 18, 2014
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Pastor Tax FAQs
Do you have questions about your Pastor's earnings regarding SECA or FICA, Income Tax withholdings, or Parsonage Allowance?
August 18, 2014
49
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Pastor Social Security
Income tax, social security tax, and Medicare tax are paid on wages and self-employment income. Social security and Medicare taxes are collected under one of two systems...
August 11, 2014
92
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403b Plan
This publication will help you better understand the tax rules that apply to your 403(b) (tax-sheltered annuity) plan. You will understand and identify excessive contributions, basic rules for claiming the retirement savings, and more.
August 8, 2014
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Non Cash Gifts
You can deduct your contributions only if you make them to a qualified organization. IRS Publication 526 discusses the organizations that qualify to receive deductible contributions.
August 8, 2014
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IRS Documentation Requirements
This document explains how to claim a deduction for your charitable contributions. The types of organizations to which you can make deductible charitable contributions are explained in the following link,
March 31, 2012
417
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5
Pastor Housing Allowance on IRS 1040?
Using Turbo Tax, my housing allowance is placed on line 53 (form 1040) as a tax credit. A year ago, a tax preparer put it on line 21 as negative income (less $xxxx). Which is correct?
March 5, 2012
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Tax Guide for Churches in the U.S.
Are you looking for information on what annual filings are required by churches? Here's a great resource from the IRS, "Tax Guide for Churches and Religious Organizations."
February 9, 2012
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Changed Requirements for Clergy Residence Deduction (Canada)
The Canada Revenue Agency has changed the requirements for the Clergy Residence Deduction (CRD).