IRA distributions are treated differently for tax purposes (for the donor) and should not be lumped together with regular contributions. This document provides more information about how to ... Continue Reading→
Should love offering contributions be included on the church member’s giving statement for tax reporting?
There is no rule saying that donations to a love offering can't go through the church. The issue is whether the gifts are deductible as charitable contributions for the donor or not. If the donor ... Continue Reading→
My church gave our pastor a cash gift as a love offering. Does this have to be included on the W-2?
If cash is paid to the pastor through a love offering or other gift or bonus paid through the church, it is taxable income to the pastor and should be included on the W-2. This is still the case even ... Continue Reading→