Churches IRS Tax Compliance
Managing church operations can be extremely challenging due to the complicated reporting rules enforced by both the state and the IRS. At Ledger+Plus, we combine extensive tax expertise with a deep understanding of church bookkeeping practices. While churches and religious organizations are generally exempt from income tax, certain types of income, such as from unrelated business activities, may be taxable. Our team is equipped to handle a wide range of tax concerns, including filing Form 990 to declare unrelated business income.
Additionally, we understand the unique tax classification of church staff. While they are considered W-2 employees for income tax purposes, the IRS classifies them as independent contractors for Social Security purposes. At Ledger+Plus, we will prepare Pastor's tax returns in accordance with IRS rules governing Pastor's salary and ensure that church administration processes align with the Pastor's full compensation, including salary and housing allowance.
We are dedicated to staying current on tax regulations that affect church management through ongoing education. Ledger+Plus will thoroughly examine your church's tax compliance and ensure adherence to all IRS regulations and standards.
Partnering with Ledger+Plus gives you peace of mind knowing that an experienced Enrolled Agent and Certified Public Bookkeeper is managing your church's reporting and operational needs. Call us today at 210-473-1256 for a complimentary consultation.