Key Tax Dates August 2021
File Form 941 and meet monthly or semiweekly requirements.
Exemption
Key Tax Dates July 2021
File Form 8274 and meet monthly or semiweekly requirements.
Key Tax Dates June 2021
Review housing allowance designations, make quarterly payments, and meet monthly or semiweekly requirements.
Key Tax Dates May 2021
Along with monthly and semiweekly requirements, note quarterly filing, individual tax returns and contributions, and forms pertinent to your church or ministry.
Key Tax Dates February 2021
Key forms, including W-2s, 1099-NECs, Form 941s, and more, come due this month.
Key Tax Dates January 2021
Along with semiweekly and monthly requirements, note payroll tax rates for 2021 and review employee W-4s.
IRS Updates Group Exemption Procedure
New guidance with specific application to denominations and churches covered by the group ruling.
Latest Form 990 Exemption Challenge Dismissed on Technical Grounds
Atheist group targeting reporting exception for churches says it will resolve technical problems and try again.
Evaluate Property Tax Exemptions Annually
In many states, the first part of the year is the time to address property tax exemptions.
Updated IRS Reporting Requirement Applies to Church Preschools
Publicizing racial nondiscrimination policy can now also be fulfilled through a website statement.
Q&A: Does a Gift to Support a Camp Counselor Have Tax Implications?
If a payment of $600 or more is intended to help cover the student’s expenses, then it is reported on the student’s Form 1099-NEC.
Q&A: If an Outside Group Uses Our Building, Will that Jeopardize Our Property Tax Exemption?
Seven questions to help understand the potential implications of these arrangements.
Could You Raffle Away Your Tax-Exempt Status?
Insights on a common misconception that gaming is a “charitable” activity
IRS Ramping Up Its Focus on Tax-Exempt Entities
The news: “IRS auditors who focus on tax-exempt groups will be kept busy this year.
When the Church Office Closes for Bad Weather, Does Everyone Get Paid?
The legal—and logical—considerations regarding how to handle an office closure.
Q&A: Can we help fund a food bank before the 501(c)(3) paperwork is finalized?
Yes, but make sure you have documentation showing it's a not-for-profit corporation.
Q&A: Will a Plaque Recognizing a Donor’s Contribution Prohibit a Tax Deduction?
"Mere recognition" does not nullify a deduction.
A Caution for Church Volunteers Deducting Expenses
Recent Tax Court ruling addresses common expenses and charitable contributions.
Q&A: Do Overtime Hours at Camp Qualify as an Exemption?
Overtime hours for part-time employees is just one of several key compensation considerations.
Churches and Political Involvement
How churches are permitted—and even encouraged—to promote civic engagement during election seasons.