Tag: tax return
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What Do I Do with My Church 1099-K?
Most of you church planters are getting your church 1099-K right about now. Every year I get at least one frantic email asking about what the church should do. Here’s what you need to know: What is a Church 1099-K? The short answer is ‘just information’. It’s simply the total of all the credit card…
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Can Churches Sell T-Shirts? 4 Things You Need to Know
It seems innocent enough – you bought t-shirts with your church logo and you want to sell them in your ‘lobby’. It’s not like you’re making a huge profit. Mostly you’re just trying to get your brand and website out there. But can churches sell t-shirts without any tax ramifications? I found bits and pieces…
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Avoid this Pastoral Housing Allowance Penalty
The pastoral housing allowance can be a great tax deduction for pastors. But if you don’t prepare for the surprise swap up on your taxes, you may end up paying a housing allowance penalty. I have seen church planters fall prey to this and wind up with a huge tax bill come April. To be…