Employee Benevolence
Employee Benevolence When it comes to benevolence, the IRS makes a distinction between providing donations to people who lack the basic necessities of life (food, water, shelter, etc.) and awarding gifts to your employees. Gifts to the Needy Generally speaking, if your organization provides benevolence to someone in poverty or temporary distress, the IRS considers…
Can a Church Give an Employee Loan?
Can a Church Give an Employee Loan? During times of economic hardship, individuals may approach their employer and request a personal loan in order to help make ends meet. If an employee of a church requests a personal loan from the church, there are several issues to consider. As a matter of policy, will the…
Can I limit W-4 changes?
Can I limit the number of times an employee makes changes to their W-4? No. IRS guidance states that an employee has the right to make changes to their Form W-4 as often as they would like, and you, as the employer, need to make those changes, even if they’re frequent. The only exceptions are…
Can all church employees qualify for housing allowance?
Q. Can all church employees qualify for housing allowance? A. No. Section 107 of the Internal Revenue Code allows only a “minister of the gospel” to have a housing allowance. Thus, only taxpayers who are serving as clergy under IRS rules for tax purposes are eligible for a housing allowance. These rules state that the…
Quarterly Estimated Tax Payments – Reminder
Quarterly Estimated Tax Payments – Reminder If you are making quarterly estimated tax payments to the IRS, the due date for the September 1st – December 31st, 2022 quarter of the year is January 17th, 2023. You may be able to skip the January 18th payment if you file your 2022 return by January 31st,…
2023 Mileage Rate Announced
2023 Mileage Rate Announced WASHINGTON — The Internal Revenue Service today issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups, or panel…
Can I deduct the value of volunteer work?
Can I deduct the value of volunteer work? In short, there are certain tax benefits to take advantage of as a volunteer. In fact, any volunteer of a §501(c)(3) tax-exempt organization is entitled to receive deductible charitable contributions. Although no tax deduction is allowed for the value of the services performed for this type of…
Can I deduct the cost of a religion courses?
Can I deduct the cost of religion courses I took at church? It depends. If the church is an accredited school, you can deduct the tuition as your education expenses. Otherwise, you cannot. If you took the courses to prepare you for a new skill/work, they are not deductible either. However, if you work and the…
Can a Church Give an Employee Loan? During times of economic hardship, individuals may approach their employer and request a personal loan in order to help make ends meet. If an employee of a church requests a personal loan from the church, there are several issues to consider. As a matter of policy, will the…
Reasons Churches Get Involved In Legal Disputes
Reasons Churches Get Involved In Legal Disputes Risk management is important to all organizations, including churches. While there is no way for a church to protect itself from all legal risks, church leaders are well advised to be familiar with common reasons churches get into lawsuits, and to take reasonable precautions. This article provides awareness…
