by Ryan Foust | Jul 22, 2026 | Tax
Many ministries quietly earn money from activities that look ordinary — a rented parking lot, a podcast sponsor, a fellowship hall booking, a small bookstore. While some of that income is fully exempt from income tax, some of it can trigger a federal tax called...
by Ryan Foust | May 4, 2026 | Accounting, Tax
Few pieces of mail unsettle a church office like an envelope from the IRS. An official notice can feel like an accusation — but it is not a verdict. In most cases it is a routine request: a missing form, a mismatched deposit, or a question needing a documented...
by Ryan Foust | Aug 3, 2012 | Accounting, Tax
The recognition of volunteer labor as non-cash revenue is dictated by FASB ASC 958-605-25-16, Contributed Services. This standard dictates that if the services (a) create or enhance non-financial assets or (b) require specialized skills, are performed by people with...
by Ryan Foust | Jun 8, 2012 | Tax
A gift which is made to a church but designated for a specific individual is normally not tax-deductible to the donor. The rationale for this rule is that the gift is not intended for the benefit of the church but, rather, for the benefit of an individual. The...
by Ryan Foust | Feb 16, 2012 | Accounting, Tax
One confusing area of church payroll is how to handle Social Security & Medicare taxes for Ordained/Licensed ministers. Ordained/Licensed ministers are considered to be self-employed when it comes to their income from the church. This means that churches are not...
by Ryan Foust | Feb 8, 2012 | Accounting, Tax
One of the things that have been on the IRS’ radar in recent years is employee mis-classification. Companies are tempted to classify workers as contract labor rather than employees because it saves them money on taxes. Others just simply don’t know the difference...
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