Qualifying Housing Expenses – IRC Section 107
Under IRC Section 107, the term “housing expense” for ministers includes costs associated with providing and maintaining a home. Unfortunately, the IRS has not published a defined list. Here are some detailed examples of specific expenses that can be considered for maintaining a home under IRC Section 107: Rent or Mortgage Rent Payments: Monthly payments…
The Windfall Elimination Provision (WEP)
The Windfall Elimination Provision (WEP) The Windfall Elimination Provision (WEP) reduction has been effective since it was first enacted in 1983. However, it’s important to note that recent legislation has repealed the WEP. The Social Security Fairness Act, signed into law on January 5, 2025, ends the WEP effective December 2023. The Windfall Elimination Provision…
2024 State Worksheets
2024 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…
Should I issue Form W-2 or Form 1099-NEC for our minister?
Most churches will issue a Form W-2 to a minister for their compensation if the minister is considered an employee of the church. The determination of whether a minister is an employee or an independent contractor is crucial in deciding whether to issue Form W-2 or Form 1099-NEC. Here are the detailed guidelines and criteria…
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…
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
Impropriety Policies
Impropriety Policies A true story that is every church leader’s worst nightmare: It was a weekday, and the police had just left the church office. The officers showed up unannounced and informed the staff that their visit was for the purpose of investigating an allegation of abuse in a children’s classroom from the previous Sunday….
Church Board Duties
Church Board Duties The start of the year is a good time for church boards to ensure that they have remained compliant with all of their duties to the organization. Of course, church entities are not all structured the same. Some are set up with broad congregational membership authority. Others are largely board governed. There…
Employee Handbooks for Churches
Employee Handbooks for Churches Churches sometimes lean toward avoiding too much formality around hiring practices and employment procedures. There can be a bias against seeming too “corporate” or running the church “like a business.” Heightened formality may seem natural when a church is hiring a previously unknown candidate for a pastoral position. But in other…
Online Organizer Instructions
NEW 2017 ONLINE ORGANIZER IS NOW AVAILABLE! Thank you for selecting the Clergy Tax Organizer ® to assist you with preparation of your tax returns. The organzier will help clergy accumulate and summarize their tax information to prepare a more accurate return. Each year we publish an organizer for clergy, which is designed to be…