Farmers are often some of the biggest givers to our churches. What if we could make it easier for them to give to the church in a way that will greatly cut their tax bill. That’s what I’m going over in this week’s post.
Receiving Donations of Grain
Tag: Tax Implications
Receiving Donations for a Specific Individual
From time to time, donors will want to funnel a gift through the church to help a specific individual. There is a right and wrong way to do this if you want to avoid the wrath of the IRS. This post will guide you.
Using Math to overcome our Fear of Taxes
If you’re normal, you’re afraid of the IRS. But fear of the IRS is not a good reason to ignore the math and turning down a taxable benefit. In this post, I share a quick way for pastors to gauge the taxes of a benefit.
Public Service Loan Forgiveness for Pastors
For pastors that have federal student loans, they may now be eligible for the Public Service Loan Forgiveness Program. This is new as of July 1st. Here’s what I’ve learned.
Advance Child Tax Credit Payments
With the monthly Advance Child Tax Credit Payments, how do you opt out if you already adjusted your withholdings? Well…I couldn’t figure that out so you get to hear the story of my struggle.
How much should Pastors put aside for Taxes?
For a pastor, how do you know if you are setting aside enough for taxes? Whether you’re a new clergy or maybe you just want to be able to double check, this post will help you answer that question.
Accountable Reimbursements – 2021
Accountants and bookkeepers expect detailed receipts for all purchases turned in timely. Pastors expect prompt reimbursements. Even though this sounds simple, this ends up being a great source of strife in the church office.