Technicalities

One key is to be Organized

This resource could help you get organized and stay organized.

 

There are many causes of disorganization in various
situations. The first step to getting organized and staying
organized is to recognize what the cause of disorganization
is, so that when you are organized you can avoid the problem
in the future.One cause of disorganization is small spaces. When you have
a small space, it is easy to become disorganized because you
often have more stuff than places to put it in.However, this is actually an easy problem to fix, with many
options available. You can install shelving along the… Continue reading

Ministers to Foreign Workers: How to Qualify for a Social Security Exemption

As a member of the clergy you are given the opportunity of exemption from Social Security taxes. Most working citizens are required by law to pay Social Security taxes on their income, however, pastors fall into a few specific groups of people that are exempt. If you are a credentialed minister, opposed to any form of public insurance due to religious beliefs, and are working at a tax-exempt religious organization, you may be exempt from paying Social Security taxes.

There are several groups of people that are eligible for Social Security exemption aside from pastors including foreign workers, students, and… Continue reading

Clergy Finances: Unemployment Benefits for Pastors

The nation’s unemployment rate is a hot topic. Regardless of what profession or industry one works in, there is always the chance for losing one’s job. This scenario is no different for church pastors. They may find themselves without a job due to the economy, changes within their church or for a variety of other reasons. The difference when it comes to clergy finances is that if pastors find themselves out of work they are rarely eligible for unemployment benefits.

Churches and other religious organizations are exempt from participating in a majority of state unemployment programs. Therefore, since they don’t… Continue reading

Tax Preparation for Ministers: Self-Employed vs. Employee

The life of a pastor can be difficult yet extremely rewarding. They have been called to minister to others therefore they do what they can to ensure that they are prepared  for whatever situations they are faced with. Until it comes to minister tax issues. These are issues that they must deal with but usually aren’t prepared for.

Many minister tax issues are hinged on whether or not they are considered self-employed or an employee of their church. The difference between the two makes a big difference when it comes to yearly tax preparation, as well as how deductions… Continue reading

Gift Giving and Minister Tax Implications

Ministers do a great deal for their congregations. They offer an abundance of love, support and guidance for their parishioners, but above all else they teach and offer God’s love and words to those that need it most. For this reason, ministers often receive gifts from their congregation as tokens of their appreciation, these types of ‘love offerings’ often consist of cash or non-cash gifts and are often received throughout the year. These gifts are lovely sentiments, however, ministers need to keep in mind the minister tax implications that these types of gifts carry with them and how to properly… Continue reading

Minister Tax Strategies

Ministers often go into the ministry because of their love for God and passion for people. Little do they know that the nuances involved in clergy taxes are often quite complicated, leaving them to wonder why they didn’t just become firemen or teachers. Clergymen need not let their passions be doused just because of complicated minister tax laws

Ministers find themselves in a distinct position when it comes to paying clergy taxes to the federal government, which considers them both employees and self-employed at the same time. As a result, it often behooves ministers to seek professional tax preparation help… Continue reading

Pulpit Freedom Sunday Questions Clergy Tax Laws

According to an October 2 Huffington Post blog, nearly 1000 pastors from around the country will have taken on the IRS on Sunday, October 7 by participating in “Pulpit Freedom Sunday”. One of the major aspects of clergy tax code is the fact that churches are considered tax-exempt. However, pastors across the country believe that their voices are being silenced politically due to that status.

Currently under the Johnson Amendment, tax-exempt organizations, which include churches, are not allowed to endorse any candidate running for elective public office. Therefore, the questions behind the creation of “Pulpit Free Sunday” is whether or… Continue reading

Tax Preparation for Pastors: Medical Insurance Deductions

Medical Insurance is a major factor when it comes to family finance whether you’re a member of the clergy or not. With always- increasing medical costs, the issue of medical insurance and figuring all possible deductions is essential.  In general, tax preparation for pastors can be somewhat complicated and oftentimes requires the assistance of a professional tax preparer. However, when it comes to rules concerning deductions for medical insurance, the rules are the same for pastors and clergy as they are for the general public. But just in case you’re wondering here are guidelines for medical insurance deductions if… Continue reading

Clergy Tax: Deductions for Pastors

In many cases clergymen are considered both an employee of the congregation as long as they are paid by a salary from the church. They may also be considered self-employed if additional tasks are performed that are outside the regular duties outlined by the salary agreement.

When it comes to clergy tax, if a pastor chooses to itemize deductions, there are certain deductions that they are entitled to including:

Work Expenses

A number of expenses can be incurred when performing the duties of a pastor. To properly itemize these deductions an IRS form 1040, Schedule A needs to be submitted.… Continue reading