Need quick answers
Contact a Pro Advisor Today!
Researching clergy tax law, church payroll, or HR issues on your own takes time and can leave you wondering if you’ve got the right answer. Turn to Clergy Financial Resources to save time while getting the correct answers.
Most callers want answers to specific questions, interpretations of new laws or maybe you don’t have time to find the answer or perhaps you just want a second opinion. Clergy Financial Resources’ support team is unmatched by any other organization.
Blog
October 11, 2018
What Is a Church?
For purposes of U.S. tax law, churches are considered to be public charities, also known as Section 501(c)(3) organizations. As such, they are generally exempt from federal, state, and local income and property taxes. "Exempt" means they don't have to pay these taxes. This is so even though they may earn substantial amounts... Read More
October 11, 2018
Decide whether to file for recognition of tax-exempt status
The Internal Revenue Code provides an automatic federal tax exemption for churches. Some churches choose to file for formal recognition of tax-exempt status and some do not. The following questions may help a church to decide whether to file for tax-exempt status: • How large is the church expected to become? If the... Read More
October 4, 2018
How the 90-Day Mileage Log Rule Works
Often in an IRS audit, the examiner will ask for your mileage log at the beginning of the audit. If you do not have a mileage log, then you are in danger of losing more than just vehicle deductions. Think about it. If you don’t have a log for mileage,... Read More
Prev
Next
View All
