Nearly all the approximately 1.74 million organizations recognized as tax exempt by the IRS must file Form 990 or another form in the same series annually. Organizations making less than $200,000 in revenue and having less than $500,000 in assets must file Form...
Clergy
How to “Spring Clean” Your HR
Springtime in the ministry world is all about getting ready for Easter, but now that Easter is over, we can all take a collective breath as we refocus our attention to the rest of 2022. If you haven’t already begun to jump into your spring cleaning, it’s time to get...
Non-taxable income for clergy
These are examples of sources of income that are non-taxable: Qualified love gifts (person-to-person and within limits) Cannot be solicited Must be spontaneous in nature Must be clearly ascertainable as a gift with no service attached Cannot qualify as a tax donation...