Missing a W-2? Here’s What To Do….

Ministers working for a church or church agency should receive a Form W-2 by January 31, 2011. Ministers who report their federal income taxes as self-employed on Form 1099, may face a significant risk of additional taxes and penalties, if they are audited and reclassified as employees by the IRS. Before you file your 2010…

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Five Important Facts about Dependents and Exemptions

Some tax rules affect every person who may have to file a federal income tax return – these rules include dependents and exemptions. Here are six important facts you should know about dependents and exemptions that will help you file your 2010 tax return. 1.     Exemptions reduce your taxable income. There are two types of…

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IRS Updates Mileage Rates for 2011

2011 Standard Mileage Rates The Internal Revenue Service issued the 2011 standard mileage rates used to calculate the deductible costs of operating an automobile for ministry, business, charitable, medical or moving purposes. Beginning on Jan. 1, 2011, the standard mileage rates for the use of a car (also vans, or pickups ) are listed below….

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Payroll for Churches and Religious Organizations

The end of the year is the perfect time to switch payroll companies. Clergy Financial Resources offers an easy online payroll management service that specifically meets the requirements of religious organizations. We have an unparalleled tax expertise on the complex issues associated with church payroll and clergy compensation. Sixty percent of churches do not follow…

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Am I allowed to deduct a fundraiser as a charitable contribution?

The topic of today’s post comes from a reader. Remember, if there’s a tax topic you’d like to see covered in an upcoming edition of the Clergy Tax Law Blog. E-mail your topic to our office and it may be included in an upcoming edition. Dear Clergy Financial, Just a question on deducting charitable donations. …

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Top 10 Question of a New Call

The proposed salary package will normally represent the previous pastor’s salary package or the guidelines set by your organization. 1- Does the church provide a social security allowance? 15.3% or 7.65% of salary and housing. 2- Does the church provide for the supplemental medical insurance? 3-Does the church provide a 100% professional accountable reimbursement plan?…

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2023 State Worksheets

2023 State Worksheets The state worksheet is designed to address the most current tax law changes within your state.  Please print and complete a state worksheet for your resident state. If you lived in multiple states, please complete a state organizer for each state.  This worksheet will assist you in gathering the state information needed…

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Webinar – Church Payroll Reporting Copy

Clergy Financial Resources would like to invite you to a webinar designed to teach the best method for payroll reporting for the church. The webinar is designed for clergy who are interested in recognizing new ways to minimize their own tax liability, in addition to, gaining a better understanding of the current tax laws that affect clergy today. Each webinar will be led by a clergy tax professional and will last between 45 to 60 minutes based on the level of discussion during the session.

Time: One-to-One | Contact Office To Schedule
Topics: Church Payroll Reporting

Who Should Attend:

• Clergy 
• Associate Pastors
• Youth Pastors
• Seminary Students
• Lay Leaders
• Church Employees

What You Will Learn:

• Church Payroll Requirements
• Clergy W2 Forms
• Taxable and Nontaxable Income for Clergy
• Employee vs Self-Employed
• 941 Reporting
• and more…

Education level: Basic

If you would like to register more than one individual for this webinar, please enter the correct number of participants in the quantity box below, e.g. 2=two person, 3=three people, etc.

Schedule Webinar Training:

You can schedule your one-on-one by contacting our office directly to coordinate a convenient time

Clergy Financial Resources
Tax I Payroll I Bookkeeping I HR
11214 86th Avenue N.
Maple Grove, MN 55369

Tel: 1 (888) 421.0101
Fax: 1 (888) 876.5101

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