Top 10 Errors Made by Paid Preparers
Some errors resulted in additional taxes for the taxpayer.
Deductions
Tax Court Denies Deduction for a Member’s Contributions to Church
Court ruled church member failed to prove his contributions.
Proposal Would Increase Charitable Giving
Report predicts additional $14.6 billion in charitable gifts would result.
Tax Issues for Short-Term Mission Trips
The organization of these trips will impact their tax consequences.
IRS Reconsiders Salary “Restructuring” Arrangements
Decision means such arrangements are not accountable—for now.
Tax Court Denies Deduction for a Gift of Property
Substantiation requirements not followed.
Where’s My Luggage?
The tax consequences of losing your luggage.
Reimbursing Business Expenses Through Salary Reductions
A possible thaw in the IRS position.
Payroll Deduction IRAs
An option for churches with no retirement plan.
Foreign Travel Expenses
The Tax Court issues a helpful decision.
What Church Treasurers Should Know about IRS Form 8282
Part 2 - your church transfers donated property to another church or charity
What Church Treasurers Should Know about IRS Form 8282
Part 1 - your church receives a gift of property from a donor.
The Consequences of Ignoring IRS Form 8283
The Tax Court issues a warning.
How the New Tax Changes Will Impact Ministers and Churches
Every church and minister will be affected.
IRS Addresses Designated Contributions
Helpful guidance for church treasurers.
What Church Treasurers Need to Know About the Recent Tax Legislation
Important changes in payroll taxes, unemployment taxes, charitable mileage rate, and more.
Charitable Contributions Addressed in Final IRS Regulations
Important information for church treasurers.
Inflating the Value of Donated Property
Donors face significant risks if they claim too high a value on donations.
IRS Issues New Charitable Contribution Regulations
Regulations clarify questions about contribution substantiation requirements.
Donor Restrictions on Gifts of Property
IRS clarifies eligibility of restricted gifts for tax deductions.