taxes

According to the IRS, an unrelated business income is an activity that is unrelated to the organization’s goal, according to these three requirements: 1. It is a trade or business.…

Disclaimer: This post is for informational purposes only and isn’t intended to be a substitute for tax advice from a certified professional. This article was an interesting one to write.…

Pastors may receive money from their church for housing. But when it comes to the housing allowance a.k.a. rental allowance a.k.a. parsonage allowance, what are they? As I mentioned in…

After graduating from high school and earning my certificate for adulthood, I started my first semester of college in the fall after summer vacay. I remember sitting in the lecture…

We want to help you and your church stay aboveboard. In this webinar, we will help you solve the 7 biggest tax problems pastors, priests, and other clergy members face…

The area of pastoral taxes, church accounting, and payroll is so much different than for standard employees, and things can get complicated quickly. Many pastors get advice from other pastors…

. This webinar will help you get started in reviewing your organization’s accounting to prepare for next year. If you use accounting software, some processes may be in place to…

Did You Know? Prior to the mid-1980s, church pastors and clergy were considered self-employed. Today the IRS declares pastors employees of the church, but they now have a mandated dual…

Do nonprofits file annual tax returns? Previously we pointed out that while nonprofits do not have to pay federal income tax, or any state or local income tax for that…

Do nonprofits pay taxes? In short, the answer is both yes and no. For the most part, nonprofits and churches are exempt from the majority of taxes that for-profit businesses…