As in previous years, here are the steps we are taking for Affordable Care Act tax reporting for our conference for 2021: The Conference will file 1095-B forms for all of the participants on our health care plan. This means that local churches with less than 50 employees will not need to file any forms. The Conference… Continue Reading→
2022 IRS Standard Mileage Rates Released
On December 17, 2021, the Internal Revenue Service issued the 2022 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2022, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be: 58.5… Continue Reading→
Update: 2017 Affordable Care Act Tax Reporting
The 1095-B and 1095-C forms for 2017 have been submitted and will be printed and mailed by the filing service today or early next week. Remember, you are not required to have these forms in order to file your 2017 tax return. See our post from last month for more information.
2017 Affordable Care Act Tax Reporting
As in previous years, here are the steps we are taking for Affordable Care Act tax reporting for our conference for 2017: The Conference will file 1095-B forms for all of our participants on our health care plan. This means that local churches with less than 50 employees will not need to file any forms. The Conference… Continue Reading→
Openings still available for Treasurer Training on October 21st
There is still time to register for the annual Treasurer Training event to be held at the Methodist Building in Garner next Saturday, October 21st, 2017. Local church finance basics will be covered as well as updates from recent legislative changes. Local church treasurers, finance committee members and pastors are encouraged to attend. Seats are limited so… Continue Reading→
Update: 2016 Affordable Care Act Tax Reporting
The 1095-B and 1095-C forms are now printed and will be mailed by the end of this week. Please allow up to 10 business days for delivery. Remember, you are not required to have these forms in order to file your 2016 tax return. See our post from Tuesday for more information.
2016 Affordable Care Act Tax Reporting
As in 2015, here are the steps we are taking for Affordable Care Act tax reporting for our conference for 2016: The Conference filed 1095-B forms for all of our participants on our health care plan. This means that local churches with less than 50 employees will not need to file any forms. The Conference filed 1095-C… Continue Reading→
Additional Tax Relief for those affected by Hurricane Matthew
The North Carolina Department of Revenue (NCDOR) has also announced special tax relief for victims of Hurricane Matthew in certain counties. Links to more information are below. NCDOR Provides Update Regarding Effect of Hurricane Matthew NCDOR Provides Update on Tax Relief for Victims of Hurricane Matthew Additional Counties Eligible for Hurricane Matthew Tax Relief Related links:… Continue Reading→
IRS Warning: Beware of Phishing Email Schemes
The Internal Revenue Service issued an alert to payroll and human resources professionals yesterday to beware of an emerging phishing email scheme that purports to be from company executives and requests personal information on employees. The emails are designed to trick taxpayers into thinking these are official communications from the IRS or others in the tax… Continue Reading→