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. …
Churches and religious organizations may engage in income-producing activities unrelated to their tax-exempt purposes, as long as the unrelated activities are not a substantial part of the organization’s activities . However, the net income from these unrelated business activities will be subject to the “Unrelated Business Income Tax” if the following three conditions are met:…
We are always encouraging people to volunteer their time to help their church or other nonprofit organizations. Shouldn’t people who do volunteer work be provided with a tax deduction to compensate them for their donation of time?
