As in previous years, here are the steps we are taking for Affordable Care Act tax reporting for our conference for 2019: The Conference will file 1095-B forms for all of the participants ... Continue Reading→
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 ... Continue Reading→
Housing Allowance Case Update
As you may know, there is ongoing litigation concerning the constitutionality of the housing allowance provision in the Internal Revenue Code. Below is a summary of recent rulings. On October 6, ... Continue Reading→
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 ... Continue Reading→
News Alert: IRS Gives Tax Relief to Victims of Hurricane Matthew
Taxpayers affected by Hurricane Matthew in Beaufort, Bertie, Bladen, Columbus, Cumberland, Edgecombe, Hoke, Johnston, Lenoir, Nash, Pitt, Robeson, Wayne and Wilson counties will receive special tax ... 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 ... Continue Reading→
Faith and Money: Health Care Tax Credit Refunds Still Available
The Affordable Care Act offered non-profits up to a 25% refund of healthcare expenses incurred on behalf of clergy and lay employees. Many of our churches have filed for all of their refunds yet many ... Continue Reading→
2014 Business Mileage Rates Issued
On December 6, 2013, the Internal Revenue Service issued the 2014 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving ... Continue Reading→
Charitable Contributions – Substantiation and Disclosure Requirements
Churches sending acknowledgement letters to their donors should remember the following substantiation requirements held by the IRS. Please reference IRS Publication 1771 for more information on record ... Continue Reading→
2013 IRS Mileage Rates
The standard mileage rate for transportation or travel expenses is 56.5 cents per mile for all miles of business use (business standard mileage rate). See section 4 of Rev. Proc. 2010-51. The ... Continue Reading→