October 26, 2016
There are 10 item(s) tagged with the keyword "IRS regulations".
Displaying: 1 - 10 of 10
If there is one thing I have learned over the last decade while working private security and as a sworn peace officer, the more critical the incident, the more likely change will come out of it. Much like a pendulum, an incident occurs, and everyone cries for change.
Updating the lighting in your worship center with LED can offer significant energy savings while improving overall lighting performance.
We are so excited to welcome the newest member of the American Church Group of Colorado team, Lyndsie Glowinski.
Churches are increasingly becoming targets for cyber criminals. The most common attack is by sending “phishing” emails where the perpetrator poses as someone familiar to the ministry staff (like a senior pastor, deacon, elder, or someone trustworthy) and requests some sort of response.
Ministries beware: An email scheme, designed to coincide with tax season, asks payroll and human resource professionals to disclose employees’ personal information. Think you wouldn’t fall for such a scam? You might, if the email looks as if it came from someone in your ministry.
Under federal law, most ministers have dual tax status. Dual tax status means a minister is an employee of the church for federal income tax purposes, and self-employed for Social Security and Medicare taxes. Here’s what you need to know.
Submitting an accurate Form W-4 is important, so unsurprisingly, an inaccurate claim can have serious consequences. Some ministries are claiming 99 dependents on their pastor’s Form W-4 to ensure that a pastor’s pay is not subject to federal income tax. Learn more about why this and other inaccurate claims should be avoided.
Back when you started your job, you likely filled out a Form W-4. Since then, life has changed—possibly with a marriage, a new child, or a raise. Now that income tax filing season is over, did you end up owing taxes, when you expected a refund? Or perhaps you experienced month-to-month budgeting issues, because too much was being withheld from your wages.
For many ministries and their employees, April is a triple tax-deadline month. Does your ministry have the following dates circled on its calendar?
The U. S. Tax Code allows donor tax deductions to religious organizations, but the deduction comes with conditions that require the ministries to limit political activities. The best known condition is the rule against involvement in political campaigns.
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