Churches IRS Tax Compliance
Both the state and the IRS enforce complicated reporting rules on churches, which may make managing your church operations extremely challenging. Ledger+Plus combines a wealth of tax knowledge with a deep understanding of church bookkeeping practices. Churches and religious organizations are generally exempt from income tax and receive other favorable treatment under the tax law; however, certain income of a church or religious organization may be subject to tax, such as income from an unrelated business. We have the tax knowledge and experience to assist you with a wide range of tax concerns, including the filing of Form 990 to declare "unrelated business income."
Staff members of the religious organization are classified as W-2 workers for income tax reasons, but they are classified as independent contractors for Social Security purposes by the IRS. We at Ledger+Plus will create Pastor's tax returns in accordance with IRS rules governing Pastor's salary and ensure that the church administration processes are in line with the Pastor's full compensation (Salary/Housing Allowance).
We are committed to continuing our education in order to stay current on current tax regulations that affect church management. Ledger+Plus will examine the church's tax compliance situation and ensure you're in compliance with all current IRS regulations and standards using our ongoing education.
By partnering with Ledger+Plus, you'll have peace of mind knowing that an experienced Enrolled Agent and Certified Public Bookkeeper is overseeing and assisting your church's reporting and operation’s needs. Call us at 210-476-1256 for a complimentary consultation.