Category Archives: Church Finances and Business

Church Finances and Business: Should My Church Incorporate? (State law)

A reader asks whether his church should incorporate. Another reader asks whether a refusal to incorporate will protect the church from power plays such as the one describe in this earlier post. The answer is: yes, a church should unquestionably … Continue reading

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Taxes for Foreign Missionaries: Ireland

I get emails — Let’s say we raise $X a year and live in Ireland for about 330 days a year, what portion of that income do we pay Social Security on? What portion do we pay federal income tax … Continue reading

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Taxes for Foreign Missionaries: Foreign Bank and Financial Account Reporting

Foreign missionaries often maintain accounts with foreign banks or other financial institutions. Sometimes they maintain a working fund in a local bank. Sometimes it’s just a family bank account. Or maybe it’s an account for a church or charity that … Continue reading

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Taxes for Foreign Missionaries: The Accountable Plan

I get emails — I appreciate your blog and, in addition to all the great Bible study stuff you’ve got on there, your financial advice to ministers is so helpful. (Your commentary on opting out of Social Security is spot … Continue reading

Posted in Taxes, Uncategorized | 5 Comments

Church Finances and Business: Student Loan Reduction for Ministers and Others

Following up his earlier comment, reader Cary McCall has provided this explanation for how ministers (and many others) can reduce or even eliminate student loan payments. Student Debt Relief for Ministers: The Basics Cary McCall One of the most burdensome … Continue reading

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Church Finances and Business: Update on the Housing Allowance

I need to pass along two bits of news on the “housing allowance” ministers of the gospel are allowed to exclude from their federal taxable income. Background The Internal Revenue Code allows ministers of the gospel to exclude from their … Continue reading

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Business Advice for Church Leaders: Cash Reserves for a Church

I get emails — Hi Jay. I frequent your blog and enjoy your thoughts. Although I don’t always agree I find your blog very thought provoking and helpful. For example, we now serve communion from the back of the auditorium! … Continue reading

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Church Finances and Business: Starting a New Church

I get emails — Jay, I am involved in a group of individuals that is starting a house church. We want to give the members an opportunity to tithe as well as support other activities. The research that I have … Continue reading

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Church Finances and Business: The Annual Review

This is from a great post by Todd Rhoades at “Monday Morning Insight” regarding how to conduct a periodic review of church employees. But before getting to Todd’s advice, some background thoughts. 1. Many elderships don’t do annual reviews of … Continue reading

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More Missionaries and Taxes Regarding Housing

I’ve posted on this subject before. This is just a supplement to U.S. Income and Employment Taxes for Missionaries which gives much of the background for the tax rules and a broader overview. However, some questions have come up regarding … Continue reading

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