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Navigating Church Finances: Keeping it Simple & IRS Compliant l Church Bookkeeping, Church Payroll, Minister TaxesAuthor: Michelle R Brown, EA, Christian Business Mentor, Enrolled Agent
Hey there, Im Michelle and I love all things Jesus, business and church finances! I help church finance individuals just like you go from feeling confused and frustrated with what you dont know about church finances, to being more confident in your role while increasing your proficiency and expertise in the church finance realm. Are you tired of Google searches that result in endless pages of answers to your questions about church finances, housing allowances and clergy taxes? Do you need help with getting the right processes and procedures in place for your church office or business? Are you looking for a group of like-minded believers who understand your desire to do business and serve the local church Gods way? In this podcast, you will find practical AND biblically based business solutions for your church office or bookkeeping business that serves churches . We will give you tried and true bookkeeping tips and lessons that are specific to the church ministry and other foundational practices that you need in place to make sure that the church(es) that you serve are in compliance with current industry standards and IRS tax code. My mission is simple: to help church bookkeepers/treasurers/finance individuals become more confident in their role and increase their expertise in church finances so the church can continue her mission of spreading the Gospel of Jesus Christ If you are ready to walk out the calling the Lord has on your life while serving Him with excellence - then you are definitely in the right place! If you are ready to serve your church with confidence while keeping God at the center of everything you do - this podcast is for you! So grab a notebook and pen to take some great notes. Its time to serve Him with Excellence! Learn: www.churchfinances.org Community: https://www.facebook.com/groups/churchbookkeepingandclergytax Language: en Genres: Business, Christianity, Non-Profit, Religion & Spirituality Contact email: Get it Feed URL: Get it iTunes ID: Get it Trailer: |
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Ep 96 ~ Navigating IRS Guidelines for Church Donations Over 250 Dollars
Tuesday, 11 March, 2025
Episode Summary: In this episode of the Navigating Church Finances Podcast, host Michelle delves into the importance and proper handling of contribution statements for church donations. Using a personal experience as a backdrop, Michelle highlights the crucial elements that must be included in contribution statements according to IRS regulations. This episode is a must-listen for anyone handling church finances, ensuring donors receive the correct documentation needed for tax filing purposes. Key Takeaways: IRS Requirements for Contribution Statements: Churches must provide written acknowledgment for single contributions of $250 or more. Essential elements of a proper contribution statement: Organization's name and possibly the EIN. Donor's name. Amounts of contributions – can be itemized or combined. Description of any goods or services provided in exchange for the contribution. A statement about whether any intangible religious benefits were provided. Recommendations for Creating Contribution Statements: Outline a sample format for a contribution statement. Emphasize the importance of delivering these statements before donors file their tax returns or before the tax return due date. Importance of Proper Documentation: * Encourages transparency and trust between donors and churches. * Ensures donors can claim deductions where applicable. Michelle https://churchfinances.org/resources
