I learned something new about how a church should be completing their Form W-9. I’ve been doing wrong for years, but now I know the correct way.
Churches and the Form W-9
Tag: Tax Implications
Can a Pastor write off Home Office expenses?
As I was setting up my own home office, I started wondering…can I deduct expenses related to that home office. When we had a home daycare, we used to deduct a portion of housing expenses, but is a home office deductible?
Filing Taxes: What do I do with my kid’s income?
Last year, two of my kids had jobs so they received W-2’s. What do you do with their income? Do you include it with yours? Do they have to file their own return? All good questions that I dive into.
Is my Church a 501c3?
The IRS may be the most feared institution on earth, but they are actually pretty lenient towards churches. You would probably be surprised at how easy it is for a church to be considered a 501(c)(3) for tax purposes.
When are Gift Receipts Required by Law?
While most churches have probably already sent out their giving statements for 2023, I’m sure there are number of churches wondering, “Do we really have to print out a receipt for everyone?” You might be surprised by the answer.
Is my church at risk of losing its Tax-Exempt Status?
The IRS is the most feared institution on earth. Even churches, which have minimal interaction with the IRS, are usually very afraid of getting on the IRS’s bad side and losing their 501(c)(3) tax exempt status. Should they be afraid?
Walkthrough applying for church EIN
Does your church need a new Tax ID? The IRS makes this super easy. I give you a walkthrough in the video.
Maybe your church has found out that they aren’t using the correct Tax ID. What do you do? There are three things you can try before you need to get a new EIN.