Nearly every church has set up a fund for benevolence purposes, but often the program for disbursing those funds is not as effective as it could be at meeting people’s needs. By reviewing my church’s process and disbursements over the past many years, I’ve come up with this list of best practices for evaluating your benevolence program: [read more]
Yes, this is a blog post about the IRS. So, understandably, I’m afraid I might lose you before we even begin. Please don’t check out too soon, though, because here’s the bottom line: The IRS actually has a new program designed to save you hassle and money.
Good, you’re still reading. Now let’s talk about why this program might be important to your ministry. [read more]
With political candidates now campaigning in earnest and ballot propositions being developed, churches once again face the tension of whether or how to address political issues. In this context, Richard Hammar’s recent brief article titled “The Value of Tax-Exempt Status” in online ChurchLawandTax.com is worth reading.
Hammar, a leading specialist in legal and tax issues affecting churches, lists 13 consequences of churches that lose their tax-exempt status. Among them: “Donors no longer could deduct charitable contributions they make to the church.”
How does your church work through questions of whether or how to become politically active?
This is the third blog in our series about presenters at the upcoming 2011 Financial Forum for Ministries. Here are John Butler’s email responses to a series of questions about his presentation. John is tax counsel with CapinCrouse LLP. His session is titled, “Tax and Legislative Developments: Long-Term Issues and Hot Short-Term Issues.” [read more]