2013 Income Tax Checklist for Ministers

Tax season is fast approaching. Every minister can benefit from Tom Burbrink’s 2013 Income Tax Checklist for Ministers.

Download the 2013 Income Tax Checklist for Ministers!

Posted under Minister's Taxes

This post was written by burbrink on January 9, 2014

Your Minister’s Pay Package

Does it comply with current tax laws?

Complexity of current tax laws makes it extremely important to properly arrange the minister’s compensation package.

If various elements of the compensation package are not structured to comply with tax law requirements, unnecessary taxes may be owed by the minister or underpayment of taxes can result. Poor stewardship or underpaying taxes are both poor options.

The minister’s housing allowance deduction is often substantially less than the maximum allowed by tax laws. If so, Federal, State, and Local income taxes may be overpaid. Read More…

Posted under Minister's Taxes

This post was written by burbrink on September 10, 2008

Minister’s Taxes

Taxes & the Preacher

Preacher, are you paying more taxes than you should?

As a minister, it is extremely important how your compensation package is arranged. Depending on the way your pay package is structured, you may be paying $500, $700 or even $1,000 per year in unnecessary taxes!

Does your church reimburse all your ministry-related expenses?
Mileage? Books? Conferences, conventions?
Education? Equipment? Other ministry expenses?

If your expenses are reimbursed, does your expense plan meet all the IRS requirements for an accountable expense reimbursement plan as listed in IRS Publication 517? Read More…

Posted under Minister's Taxes

This post was written by burbrink on September 10, 2008

Ministerial Pay

How: As Important as How Much

No one else is paid quite like ministers. This is why even experienced accountants may make mistakes in handling minister’s compensation.

Ministers are dual status employees—employees for income tax purposes, but self-employed for Social Security and Medicare taxes. The church treasurer is often a volunteer who may not be familiar with the numerous federal, state, and local regulations related to ministers and other church employees. As a result, many errors occur in reporting ministerial compensation. Among them:

Giving the minister a Form 1099 instead of a W-2. Since the late 1970s, the Internal Revenue Service has considered most ministers to be employees of the church: Read More…

Posted under Minister's Taxes

This post was written by burbrink on September 10, 2008