Question: Is there any report I need to file for the church for April 15? I am not an accountant by any means but I can't find any info on what needs to be filed.
Answer: A form 941 Employers Quarterly return is required to report wages and taxes for all employees. There is no other tax to be filed by the church as long as it is incorporated as a 501(c)3.
Previous Filings
If your pastor is compensated you want to make sure that he previously received a W-2 for any wages above his housing allowance. That would require also filing a copy of his W-2 and a summary W-4 to the IRS. If there are any additional employees of the church then they would also need to have received a W-2 or 1099 depending on how they are compensated.
Blog Author
- C. Paul Glenn
- is the Executive Director of Finance & Operations at Grace Covenant Church in Cornelius, NC. He is also Chairman of Harvests of Hope Int'l. He has an accounting degree from Oral Roberts University and has been married to Susan since 1989. They have two children. Prior to ministry Paul packed a wealth of experience into his career path which includes positions as a public accountant, a financial analyst, a controller and CFO, as well as a management consultant. His pastor’s heart guides a passion to oversee the business aspects of ministry to (1) see the lost find Christ and (2) to allow other pastors and leaders to more freely shepherd their congregations. He regularly consults churches regarding his unique insights on church construction and is also coaching and mentoring over 120 churches in aspects of administration. Working with a team to found Harvests of Hope Int'l he now has the privilege as its Chairman to bring hope to families affected by HIV/Aids throughout Africa.
Saturday, March 15, 2008
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