“How to Determine Whether or Not You Pay the ‘Parking Lot Tax’: An update on the taxation of qualified transportation fringe benefits” The 2017 Tax Cuts and Jobs Act included a provision that requires charities to treat transportation benefits as unrelated business income. The I.R.S. issued long-awaited guidance on that provision in Notice 2018-99. ChurchLaw&Tax has an overview here.
Author: Josh S. Tatum
“Charitable Gifts: Date of Delivery Rules”
“Charitable Gifts: Date of Delivery Rules” Clergy Financial Resources has this summary of how to determine whether a gift is “delivered” by December 31 here.
“Pastor Sues to Access Homeless Encampment”
“Pastor Sues to Access Homeless Encampment” Religion Clause covers the story here.
“How to Pay an Independent Contractor”
“How to Pay an Independent Contractor” Clergy Financial Resources has this overview.
“Guide to Minister’s Compensation”
“Guide to Minister’s Compensation” Clergy Financial Resources has an explanation and breakdown of the categories of ministers’ compensation here.
“James MacDonald, Harvest Bible Chapel sue ‘Elephant’s Debt’ bloggers, freelancer”
“James MacDonald, Harvest Bible Chapel sue ‘Elephant’s Debt’ bloggers, freelancer” https://religionnews.com/2018/11/08/james-macdonald-harvest-bible-chapel-sue-elephants-debt-bloggers-freelancer-megachurch/
“Church Bookkeeping Tips and 5 Errors to Avoid!”
“Church Bookkeeping Tips and 5 Errors to Avoid!” https://www.freechurchaccounting.com/church-bookkeeping.html
“Simple Tips for Handling Your Church’s Money”
“Simple Tips for Handling Your Church’s Money” ChurchLaw&Tax has this article explaining why church financial audits provide opportunities to look closely at how your church handles its money.
“Budget Calendar: Traditional or Fiscal?”
“Budget Calendar: Traditional or Fiscal?” Church Finance Today has an infographic showing that most churches end their budget year on December 31 here.