President Signs Form 1099 Repeal Legislation – How It Will Affect Churches
On April 14, President Obama signed legislation repealing the Form 1099 filing requirements that were imposed under the Small Business Jobs Act and the Pension Protection and Affordable Care Act. The rules would have required churches to report any purchases of goods or services of more than $600 a year from another vendor to the…
How a Potential Federal Government Shutdown Will Affect the Tax Deadline
The absence of a budget agreement between Congress and the Obama administration could result in a shutdown of some federal government services beginning Saturday, April 9. In the event of a government shutdown, the IRS plans to continue accepting all tax returns, both electronically and paper filed. The IRS has stated that they will continue…
Need More Time to Pay Your Taxes?
Clergy who owe taxes may be relieved to know that there are some options for those who owe and can’t afford to pay the full amount right away. Here are the top 10 things that Clergy Financial Resources wants you to know if you need more time to pay your taxes. Clergy who are unable…
