Tax Related Identity Theft and Prevention Many of us have either been the victim or know of someone who has been the victim of identity theft. Because of technology and the computer savvy skills of those who commit this crime, it is becoming more common and costly with each passing day. Identity theft [...]
What You Mean for Good, May Result in Serious Liability It is normal for most, which are familiar with a Church setting and its operation, to assume that the Church has at its heart and as its motive, the best interest of its membership and those whom regularly attend. In all the years connected [...]
What You Need to Know for this Tax Season We are approaching one of the most dreaded seasons in our Nation. Not a season of winter, or drought, but the dreaded tax season. Every year about this time people begin to gather receipts and other supporting documentation needed in preparation of their annual tax [...]
We Can Do for Your Church and Pastor What Others Wish They Could Do Within the halls of both Houses of Congress in our Nation’s Capital are lobbyists who are busily attempting to influence the House and Senate in favor of their clients. This has been part of the political process for years. [...]
Just Because the Donation Was to the Church Doesn’t Qualify it as Tax Deductible – Part II As we discussed in the previous blog, Christmas is a most generous time of the year. Those who are not philanthropic the first 11 months of the year are often overcome by a sense of need to [...]
Just Because the Donation Was to the Church Doesn’t Qualify it as Tax Deductible – Part I As we enter the Christmas season, many become benevolent in their nature—giving to different charities, including Churches. We must be cognizant to properly classify gifts donated to the Church or to those within it. Not all, [...]
Illegal Love Offerings May Send Your Pastor to Prison Pastors and ministers of religious institutions have come under increased scrutiny that relates to cash practices, and the proper accounting and reporting required for each. He was the Pastor of a good Church in the mid-Atlantic region. The Church paid its obligations promptly each [...]
You Must Become a Legal 501(c)(3) Now As I travel across the nation teaching Church and Clergy Tax Seminars, I am continually amazed at Pastors, Church Leaders, and Bookkeepers who feel as if they are exempt from obtaining formal 501(c)(3) approval from the Internal Revenue Service. Some of these Pastors and Leaders feel as [...]
Pastor, Be Careful What You Say and Where You Say It Pastors are unique people who have a tremendous responsibility to “watch” for the souls of those who attend their Churches. Not only must they preach an uncompromised truth from Scripture, but often, members will want the Pastor’s personal opinions. Unfortunately, some of these [...]
Exercising Your Free Speech Rights May Cost You During an Election Year As an election approaches, especially those that are Presidential, people get passionate in support or lack thereof for a particular candidate. This is especially true for Churches when one candidate seems to mirror their doctrinal beliefs while the other candidate is the [...]