Church Responsibilities – I-9 Audit

In accordance with federal law, all individuals hired by the church are required to establish and certify their identity and right to work in the United States. Individuals employed in the United States are required to complete Section 1 of the Form I-9 no later than their first day of employment. This may be completed…

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Payroll Compliance – Form I-9

We receive a lot of questions about the I-9—the form used to verify the identity and employment authorization of all individuals hired for employment in the United States. Here are some of the most common: 1: How Should I-9s Be Stored? Separately. We recommend that you keep all I-9s in either a separate master file or…

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Cut-Off Date for 1040 Documents

This message is intended for Clergy Financial Resources clients who extended their 1040 return to October 15th. If you turn in your 2018 tax organizer and supporting tax documents by close of business on Mon, Sept. 16th, Clergy Financial Resources can guarantee filing by the October 15th deadline. If you miss the Sept. 16th cut-off,…

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A New Benefit: Student Loan Repayment

Churches looking for new ways to compensate their clergy or attract new clergy must distinguish themselves from other churches. Creative benefit packages often do the trick, particularly if they address specific needs. With more and more seminary graduates entering the workforce and more and more of them graduating with substantial debt, some churches have created…

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Refunds Lost After Three Years

IRS does not charge any penalties for filing your 1040 return late if you are due a refund, but don’t put off filing for too long. IRS has a three year statute of limitations on refunds, starting with the original due date of the return. This means that if you file after the three year…

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Third Estimated Payment Due Sept. 16th

As Summer comes to a close, Clergy and other Self-Employed individuals prepare to make their third estimated tax payment for the year. The third payment is normally due September 15th, but since the 15th falls on a Sunday, the due date is pushed to Monday the 16th. If you used Clergy Financial Resources to prepare…

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Are churches exempt from unemployment insurance?

Unemployment benefits are available to workers who lose their job involuntarily because of reasons out of their control and meet basic state law eligibility requirements. Unemployment benefits are administered at the state level and offer temporary financial help to workers who have lost their job and meet state law requirements. Most employers are required to…

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Why are clergy taxes so complex?

There are a number of different reasons for Clergy Taxes being more complex than the average return. First, Clergy are treated differently from every other employee in regards to their compensation. Clergy have a unique “dual status”- they are treated like employees for income tax, and they are treated like independent contractors for Social Security…

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Summer Camps can be deductible

For those of us with children, summer camp can be a memorable but expensive activity. Fortunately, there is a tax deduction that can help. IRS allows working parents, students or those looking for work to deduct a portion of these child care expenses on their 1040 return at the end of the year. While the…

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Church Health Reimbursement Arrangement (QSEHRA)

A qualified small employer (one that employs fewer than 50 full-time (including full-time equivalent) employees, and does not offer a group health plan to any of its employees) may offer a QSEHRA to its employees for the payment or reimbursement of eligible medical expenses (including individual insurance policy premiums) on a pre-tax basis. The QSEHRA…

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