Tag Archive | Legal and Tax Issues

Servants Riding, Princes Walking

Servants Riding, Princes Walking By Richard Lucas “There is an evil which I have seen… I have┬áseen servants upon horses, and princes walking as servants upon the earth.” (Ecclesiastes 10:5,7) Without trying to defend or give reasons why a servant might need to ride while a prince chooses to walk, Solomon labeled it an evil. […]

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Church Organization and Liability: A Legal Perspective

Church Organization and Liability: A Legal Perspective By David K. Bernard In recent years, the subject of church organization and potential legal liability has become the focus of much discussion. This article provides general information on this subject but is not intended for legal advice relative to a specific situation. Church Government Under United States […]

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AVOIDING AN AUDIT

AVOIDING AN AUDIT BY RICHARD R. HAMMAR How likely are you to be audited? Ministers who report their income taxes as employees, earn less than $100,000 per year, do not have excessive itemized deductions, and do not claim any “audit triggers,” have an audit risk of about 1 percent. This is close to the overall […]

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IRS ANNOUNCEMENTS AFFECTING MINISTERS

IRS ANNOUNCEMENTS AFFECTING MINISTERS BY AUBREY L. JAYROE Recent Internal Revenue Service announcements could affect all ministers for their 1994 income tax returns. The IRS is continuing its pursuit of various taxpayers who work within targeted professions. This “Market Segment Specialization Program” provides auditors with detailed information on the target groups so that the auditors […]

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TAX CHANGES AND CHURCH FINANCES

TAX CHANGES AND CHURCH FINANCES By Aubrey L. Jayroe Revenue Reconciliation Act of 1993 Contributions: Effective January 1, 1994, churches are required to provide a written statement to donors to substantiate each cash donation of $250 or more. A taxpayer will need this written statement in order to receive a tax deduction for charitable contributions […]

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Tax Update

Tax Update By Aubrey L. Jayroe Based on my experience of tax audits in recent months, ministers need to be aware of what the IRS is looking for on their tax returns and what they should be doing to prepare for the future In recent audits, the IRS has looked closely at the following points. […]

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WHO IS RESPONSIBLE FOR PAYROLL TAXES?

WHO IS RESPONSIBLE FOR PAYROLL TAXES? By: Julie Bloss If your church has at least one paid employee who is not a minister, it may have a legal obligation to withhold payroll taxes. But who is actually responsible for payroll withholding? Is it the minister, the church treasurer, or the chairman of the church’s governing […]

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THE MINISTER’S COMPENSATION AND TAXES

THE MINISTER’S COMPENSATION AND TAXES By: Jesse Williams Reasonable Compensation “Even so hath the Lord ordained that they which preach the gospel should live of the gospel” (I Corinthians 9:14). Living off the income from preaching is not always easy. We can be thankful that, for the most part, the days are gone when a […]

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HOW I SURVIVED A TAX AUDIT

HOW I SURVIVED A TAX AUDIT By: Joe Anthony The envelope is of the plain, white, business-window variety, with an IRS return address. I open it while heating my dinner and freeze at the first line: “We selected your Federal Income Tax return for the year shown below to examine the items listed…” I sit […]

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TAX WARNING: PASTORS AS EMPLOYEES

TAX WARNING: PASTORS AS EMPLOYEES By: Aubrey Jayroe Recently, an appellate clerk of the Internal Revenue Service told me the IRS was examining the status of tax returns of some ministers of the United Pentecostal Church and the procedures by which they filed. She related to me that after extensive investigation across the country, it […]

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