))
The Church Finance & Minister Tax Podcast- Church finances, Minister Taxes, Minister payroll, IRS Compliance
«
»
Ep 26 ~ Love Offerings: Free Gift or Taxable Income
Manage episode 365221207 series 3453775
Sisällön tarjoaa Michelle R Brown, EA, Christian Business Mentor, Enrolled Agent, Michelle R Brown, EA, Christian Business Mentor, and Enrolled Agent. Michelle R Brown, EA, Christian Business Mentor, Enrolled Agent, Michelle R Brown, EA, Christian Business Mentor, and Enrolled Agent tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
Churches sometimes collect “love offerings” from the congregation for a pastor, visiting minister, volunteer, or staff member in recognition of services rendered.
There really is a lot of confusion over this topic – so much so that pastors from both large and small churches have been prosecuted and convicted of tax evasion over unreported love offerings.
One of the most interesting cases was Felton vs. Commissioner TC Memo 2018-168
the Tax Court held that Rev. Wayne R. Felton of Holy Christian Church in St. Paul Minn. received taxable compensation from members of his congregation rather than personal gifts, despite the contributions' designation as gifts,
Consequently, the Tax Court applied a four-factor test drawn from case law to objectively determine the donors' intent:
- Whether the donations were provided in exchange for services
- Whether the minister or other church authorities requested the donations;
- Whether the donations were part of a routine, highly structured program and given by individual church members or the congregation as a whole
- Whether the minister received a separate salary from the church, and, if so, its amount in relation to the donations
https://churchfinances.ck.page/6steps biz owners
https://churchfinances.ck.page/guide everybody Schedule a Consultation:https://churchfinances.org/bizconsult biz owners
https://churchfinances.org/consult church staff/volunteer
Join the FB Community: www.facebook.com/groups/churchbookkeepingandclergytax68 jaksoa
Jaa
