Posts Tagged Contributions
Looking for resources to help you better understand tax and compliance related issues applicable to your ministry? Here are a few links to useful sites as published by the IRS. Of course, if you would rather speak directly to someone who can answer your questions feel free to contact our office for assistance. Better yet, […]
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Leave a Comment (0) →There are a number of important tax law provisions that have taken effect in recent years which should be remembered when making or receiving year-end gifts to charities. Some of the changes to keep in mind include: Rules for Charitable Contributions of Clothing and Household Items Household items include furniture, furnishings, electronics, appliances and linens. […]
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Leave a Comment (0) →A growing number of businesses (Apple, Sacramento Kings, to name just a couple high profile organizations) and individuals (Richard Sherman of the Seattle Seahawks) are now accepting virtual currencies as a payment method for their sales and services. One Kentucky town has even announced they will soon pay their sheriff’s salary using bitcoins. Virtual currencies […]
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Leave a Comment (0) →Not all contributions are created equal under the tax code. While Sunday morning offerings and gifts are almost always tax deductible, gifts that come with restrictions or specific designations may not be legally deductible or receipted as such by the church. Likewise, sometimes a payment received from a member for something that looks like a […]
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