Archive | CMCB – Church Business & LTBU Church Business Issues

YOU CAN TAX-AUDIT SAFE

YOU CAN TAX-AUDIT SAFE By: Daniel D. Busby   Each year an estimated six thousand–or more– pastors are audited by the IRS. Will you be next? Worth considering: If you file your income-tax return with certain safe harbors in mind, you can freely hand over any records to an IRS auditor without worrying about the […]

Read the full story

Posted in AIS File Library, CMCB - Church Business & LTBU Church Business Issues0 Comments

SOCIAL SECURITY TAX TRAPS – TAX OPPORTUNITIES

SOCIAL SECURITY TAX TRAPS – TAX OPPORTUNITIES By: John Rother and Evelyn Morton The long arm of the Social Security Administration touches almost all of us at some time in our lifetimes. But getting straight answers from the 63,000 person bureaucracy is daunting. Its complex rules and regulations can easily reduce some of the benefits […]

Read the full story

Posted in AIS File Library, CMCB - Church Business & LTBU Church Business Issues0 Comments

HOW TO CUT THROUGH IRS RED TAPE

HOW TO CUT THROUGH IRS RED TAPE By: Pete J. Medina What can you do when regular channels of communication with the IRS break down?┬áContact the Problem Resolution Office in your district. The Problem Resolution Officer (PRO) who heads this office is the closest thing you have to a spokesperson at the IRS.   WHERE […]

Read the full story

Posted in AIS File Library, CMCB - Church Business & LTBU Church Business Issues0 Comments

HOW TO MAKE A DEAL WITH THE IRS…YES THE IRS

HOW TO MAKE A DEAL WITH THE IRS…YES THE IRS By: Marvin Michelman Contrary to popular opinion, the IRS is frequently willing to bargain with taxpayers who are being audited. Key: Knowing the rules of the game greatly increases the odds in your favor. DURING AN AUDIT At the typical desk audit–which takes place in […]

Read the full story

Posted in AIS File Library, CMCB - Church Business & LTBU Church Business Issues0 Comments

WHAT TO DO IF YOU’RE AUDITED

WHAT TO DO IF YOU’RE AUDITED By: Edward Mendlowitz Fear of being audited by the IRS is one of the biggest fears people have. But audits are very straightforward and nothing to be afraid of. Specifics: CORRESPONDENCE AUDITS Correspondence audits are done by mail. The IRS has information about something that should have been on […]

Read the full story

Posted in AIS File Library, CMCB - Church Business & LTBU Church Business Issues0 Comments

HOW MUCH POLITICAL INVOLVEMENT BY CHURCHES DOES THE IRS ALLOW?

HOW MUCH POLITICAL INVOLVEMENT BY CHURCHES DOES THE IRS ALLOW? By: James Guinn Many times, especially in a major election year, churches and religious organizations have a tendency to want to become involved in the political process. Under certain circumstances some activity is permissible. However, involvement in these areas may be a very “dangerous” area […]

Read the full story

Posted in AIS File Library, CMCB - Church Business & LTBU Church Business Issues0 Comments

OUT-OF-COURT OPTIONS

OUT-OF-COURT OPTIONS By: Joe Maxwell Christian suing Christian. Some flatly call it unscriptural. Most believers would call it lamentable, at best. In I Corinthians 6, the apostle Paul reasons that those who are destined to judge angels certainly are more fit to judge one another than are “the unrighteous.” Yet, Christians file law-suits against one […]

Read the full story

Posted in AIS File Library, CMCB - Church Business & LTBU Church Business Issues0 Comments

AUDIT SECRETS: HOW TO KEEP FROM BEING AUDITED AND WHAT TO DO IF YOU ARE

AUDIT SECRETS: HOW TO KEEP FROM BEING AUDITED AND WHAT TO DO IF YOU ARE By: P. Thomas Austin WHAT THE IRS COMPUTERS LOOK FOR ON YOUR RETURN Tax returns are selected for examination by a combination of computer and human factors. It is possible to improve the odds slightly against having your tax return […]

Read the full story

Posted in AIS File Library, CMCB - Church Business & LTBU Church Business Issues0 Comments

TAXPAYER’S RIGHTS: WHAT IRS CAN AND CAN’T DO TO YOU

TAXPAYER’S RIGHTS: WHAT IRS CAN AND CAN’T DO TO YOU By: P. Thomas Austin   TAXPAYER PENALIZES IRS FOR LATENESS The IRS must send your refund within 45 days of the date the return was due, or of the date you file, whichever is later. If they don’t get the refund out within the 45 […]

Read the full story

Posted in AIS File Library, CMCB - Church Business & LTBU Church Business Issues0 Comments

ESTATE PLANNING SECRETS: HOW TO AVOID PAYING ESTATE TAXES

ESTATE PLANNING SECRETS: HOW TO AVOID PAYING ESTATE TAXES By: P. Thomas Austin HOW THE ESTATE TAX RULES CAN FOOL YOU The worst mistake that an individual can make about the tax treatment of estates is to assume it is now so generous that estate planning is hardly necessary. Married individuals can leave all their […]

Read the full story

Posted in AIS File Library, CMCB - Church Business & LTBU Church Business Issues0 Comments

LOGIN

IBC Perspectives

Click to View Issue 29-8

Archives

Indiana Bible College