The church must pay overtime to all eligible employees unless they fit into an exception to the law. If you fall into one of these exception categories, you are “exempt” from the federal overtime law, which means you are not entitled to overtime. executive, administrative, and professional employees who are paid on a salary basis independent…
The Department of Labor, which enforces the ELSA, does not consider preschool and day care workers to be “teachers” under the provisions of the FLSA. The Department takes this position even if the pre-school program incorporates educational activities designed to prepare young children for kindergarten. Given these facts, here are some general principles relating to…
Federal and most state laws impose a weekly overtime standard, which means that nonexempt employees are entitled to overtime for every hour beyond 40 that they work in a workweek, regardless of how many hours they work in a day. For example, Alex is a nonexempt employee who works 12 hours on Monday and six…
One of the newest tax scams making the rounds is directed at college and university students and involves what’s called a “federal student tax.” The Setup Here is how it works. A call is made directly to a student. The caller has some piece of information that links the student to the call, something like…
How to pay estimated tax. You normally make estimated tax payments four times a year. The dates that apply to most people for 2016 are April 18, June 15 and Sept. 15. There is one last payment on Jan. 17, 2017. You can pay online, by phone or from your mobile device. Direct Pay is…
If you gave money or property to someone as a gift, you may wonder about the federal gift tax. Many gifts are not subject to the gift tax. Here are six tax tips for gifts and the gift tax. Nontaxable Gifts. The general rule is that any gift is a taxable gift. However, there are…
When is a Web site not a Web site? – When it’s a “spoofed” site -– one that’s designed to mimic an official site, so that victims can be lured into divulging private information through it. Often scammers send an e-mail asking users to verify personal information, with a convenient link to the spoofed site….
Ministers often pay a small annual renewal fee to maintain their credentials–this is a deductible ministry expense. However, ministers’ contributions to the church are not deductible as ministry expenses. These are deductible only as charitable contributions. The difference is that charitable contributions are a personal itemized deduction on Schedule A, while ministry deductions are directly…
If you paid for ministry-related expenses out of your own pocket, you may be able to deduct those costs. You can only deduct unreimbursed ministry expenses that are ordinary and necessary to your ministry as an clergy employee. An ordinary expense is one that is common and accepted in your industry. A necessary expense is…
Instead of rushing to April 15 to file your taxes, you can file an extension. There’s no shame in an extension, and millions are processed every year. Everyone with an April 15 deadline can get six extra months by filing an extension form. You need to pay what you owe–the extension is to file your return…
