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The IRS has released the 2020 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2020, the annual limitation on deductions under Code Sec. 223(b)(2) for an individual with self-only coverage under a high-deductible plan is $3,550 ($7,100 for an individual with family coverage). A “high-deductible health plan” is defined in […]
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Leave a Comment (0) →Why and How You Should Ask About Work Authorization Churches and religious organizations have been hiring (sometimes inadvertently) foreign nationals to work in their organizations for years. Whether or not you are actively considering hiring foreign workers you need to be aware that when you recruit (whether actively or inadvertently) for a position in your […]
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Leave a Comment (0) →How do you know if an individual qualifies for a housing allowance and to otherwise be treated under the law as a minister for tax purposes? The Tax Court has ruled that the following five factors must be considered when determining if an individual qualifies to be treated as a minister for tax purposes: Is […]
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Leave a Comment (0) →Summer is just around the corner and many churches and mission organizations have begun putting together short-term mission trip opportunities for their congregations and donors. Whether it is spending several weeks in the inner city ministering to the homeless or sharing the Gospel in a foreign country where you don’t know the language, the experience […]
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