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Showing content with the highest reputation on 05/31/2015 in Posts

  1. Adorable, *slothful* cats, specifically. http://fellowshipoftheminds.com/2015/05/30/cats-who-have-never-worked-a-day-in-their-lives/
    2 points
  2. More funny stuff. This must be some tasty medicine!
    1 point
  3. MAMalody is absolutely correct about the excise tax on unauthorized HRAs. The Evangelical Council for Financial Accountability did a free webinar on this awhile back. Here's a link https://www.ecfa.org/WebinarRecordings.aspx?ProductID=61 Frankly, it was not the most inspiring webinar I've ever viewed, but it does cover the subject. Taxman--the decision making authority (usually the church board) needs to re-categorize the reimbursement as taxable income. That would likely require amending prior 941s and possibly W2s if it pre-dates this year. Henceforth, the re-categorized amount would be included in the amount subject to income tax withholding. However, as I stated in a previous post, churches should never withhold FICA tax on clergy income. Alas, many churches continue to do that (withhold FICA). I've written a white paper on how to fix clergy FICA withholding when it happens. PM me if you'd like a copy. Rita--I suggest you show them copy of Notice 20-13-54 http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CB8QFjAA&url=http%3A%2F%2Fwww.irs.gov%2Fpub%2Firs-drop%2Fn-13-54.pdf&ei=po1oVayVCpGbyQSzmoLoCw&usg=AFQjCNGPoEXU2frrtxhaQcLsxamwrlzD5A&sig2=ufVMeodfa_dl5YLTb5Yohw . $100 per day should get their attention. I'm also not sure who it is you're telling. Perhaps you should carefully/respectfully go up the chain of command with your concerns. Your advice should be good enough, but it can sometimes also be helpful to get an 'outside expert' to say the same thing you've been saying (the 'prophet without honor in his own hometown' syndrome). If you think it would help, I'm sure either Michael Malody or I would be happy lend a hand. PM either of us if you wish to go that route.
    1 point
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