With the beginning of the new year, thoughts turn to April and filing taxes for the years just past (the 2023 deadline for filing is April 18). Pensions and Benefits USA (P&B) can help with resources to assist ministers and churches.
The Minister’s Tax & Financial Guide from the Evangelical Council for Financial Accountability (ECFA) offers step-by-step instructions to guide ministers through the returns and forms needed for tax filing, discusses topics like determining housing allowance, and even includes completed sample forms.
For church treasurers, there’s the ECFA’s Church & Nonprofit Tax & Financial Guide. This manual explains IRS regulations that might be tricky, and highlights forms churches are required to file.
At pbusa.org, you’ll also find tax and compensation memos. These informational booklets, reviewed by an independent CPA firm, can help ministers minimize taxes and better understand IRS regulations that apply to them.
Taxes are a fact of life, but preparing them can be less stressful with resources available at pbusa.org. If you have specific questions about taxes, compensation, retirement, insurance, or similar topics, we’re as close as 888-888-4656 or email@example.com.