by Ryan Foust | Mar 7, 2013 | Uncategorized
The IRS announced earlier this week that it is now accepting all forms but has also said that the Modernized e-File Production system is taking longer than normal to generate acknowledgement. With the delay of the filing season, there surely was quite a queue of tax...
by Ryan Foust | Jan 28, 2013 | Uncategorized
In short, yes, but there are stipulations. First off, it’s probably best to avoid the use of the term “Super Bowl” as it is protected trademark of the NFL. Secondly, a church should only use equipment that it uses on an ongoing basis for ministry purposes(i.e. don’t...
by Ryan Foust | Oct 17, 2012 | Uncategorized
As you may be aware, there has been a court case bouncing around the courts the past couple years that pertains to minister’s housing allowance. Last year a minister won a court case allowing him to exclude from income housing expenses on two homes in the same...
by Ryan Foust | Oct 4, 2012 | Uncategorized
As you may recall, last year a payroll tax holiday was passed by Congress lowering the amount of Social Security tax paid by employees making less than $110,000 from 6.2% to 4.2%. This tax cut is set to expire at year end and it seems unlikely that it will be...
by Ryan Foust | Sep 25, 2012 | Uncategorized
The Tax Court has ruled that your choice of delivery service to the IRS does indeed matter. In a recent the case (Scaggs, T.C. Memo. 2012-258), the court ruled that using FedEx Express Saver Third Business Day was not an approved method of private delivery service...
by Ryan Foust | May 29, 2012 | Uncategorized
Just how important are those end of year donor letters and statements that charitable organizations send? Very important, according to the IRS. In a recent case, courts disallowed a charitable contribution deduction for a donor because of a defective donor letter sent...
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