Taxable Income Correctly report tax liability with this helpful reference guide. Richard R. Hammar
Key Point: Many churches do not understand thatmost benefits constitute taxable income.
If a benefit is taxable and is not reported as taxable compensation by the church or the recipient in the year it is provided, the IRS may be able to assess intermediate sanctions in the form of substantial excise ...
The Best of Church Law & Tax—2023 From mastering key end-of-year financial tasks to the Employee Retention Credit, and AG investigations to Supreme Court rulings, this is the best of Church Law & Tax for 2023. The Editors Read More
Charitable Contributions Tax Reminder 2023 Encourage giving within your church by informing your donors about the tax deductions they could claim by properly reporting their charitable contributions. Read More
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