One of the chores we have in the ministry finance area is tracking and reporting to the IRS payments totaling at least $600 in a calendar year to a single recipient.
Complying with this requirement can be confusing. I find that many nonprofit organizations are not aware they are subject to these IRS reporting requirements. [read more]
True confession: I am not in favor of online giving, at least for tithing. Haven’t always felt this way, though. For years I was frustrated with my church for not “keeping up with the times” and offering electronic giving. I even went as far as using it as an excuse for my lack of consistent giving because, really, who can remember to write a check before rushing out the door Sunday morning? [read more]
Who can afford to accrue fees and penalties these days? If national charitable solicitation is not performed properly, fees and penalties may be unavoidable. Join ECFA (Evangelical Council for Financial Accountability) on Wednesday, June 22, for “Charitable Solicitation Issues.” This webinar will discuss the statutes imposed by states to enforce compliance with initial and annual registration requirements.
Presenters include Karl Emerson, Esq., counsel for Montgomery McCracken, and Dick Travis, president of The Travis Group, LLC.
Click here for more information and to register.