News
  • Parking tax could cost churches, ministries

    August 1 2018 by David Roach, Baptist Press | with 0 comments
    Parking tax could cost churches, ministries

    A little-noticed provision of last year’s Republican tax legislation which taxes employee parking at nonprofit organizations “will be a problem” for churches and other Christian ministries, one of the Southern Baptist Convention’s (SBC) attorneys says. The only question is how many churches and ministries will be affected.

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  • GuideStone tax guide being released in 2 phases

    January 21 2016 by Roy Hayhurst, GuideStone Financial Resources | with 0 comments
    GuideStone tax guide being released in 2 phases

    GuideStone Financial Resources’ tax guide for churches and ministers is being released in two phases for 2016, the Southern Baptist entity announced Jan. 19. The Federal Reporting Requirements for Churches section is available now at GuideStone.org/Tax Guide. This section details filing requirements for Forms W-2 and 1099 …

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  • Mohler, Oppenheimer debate costs of tax exemption

    September 15 2015 by Seth Brown, BR Content Editor | with 0 comments
    Mohler, Oppenheimer debate costs of tax exemption

    Albert Mohler interviewed Mark Oppenheimer Sept. 14 on a podcast called Thinking in Public about religious tax exemptions. Oppenheimer’s main concern is the burden that tax exempt institutions place on nearby middle and lower class residents by not paying property taxes, forcing others to pay higher rates.

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  • IRS promise to Christians met with praise, caution

    August 17 2015 by David Roach, Baptist Press | with 1 comments
    IRS promise to Christians met with praise, caution

    The Internal Revenue Service (IRS) will not revoke the tax-exempt status of religious organizations that object to same-sex marriage, IRS Commissioner John Koskinen has promised twice in recent weeks. But some tax code experts say the commissioner’s commitments are not a guarantee of tax shelter for organizations with religious objections ...

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  • Tax-exemption: Where do churches stand?

    July 28 2015 by Seth Brown, BR Content Editor | with 0 comments
    Tax-exemption: Where do churches stand?

    Mark Oppeheimer, religion columnist for The New York Times, wrote the words that many churches in America have feared for some time now: “It is time to abolish, or greatly diminish, their tax-exempt status.” A bill, HB 229, to modify the tax-exempt status definition is currently before the North Carolina Senate Committee ...

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  • Seminaries urge tax-exemption protection

    June 5 2015 by Diana Chandler, Baptist Press | with 0 comments
    Seminaries urge tax-exemption protection

    Southern Baptist educational leaders are among 74 signatories to a June 3 letter urging Congress to pass a bill protecting the tax-exempt status of schools in the event the U.S. Supreme Court approves same-sex marriage as a civil right.

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  • New health insurance tax law may affect churches

    March 26 2015 by Baptist Press staff | with 0 comments
    New health insurance tax law may affect churches

    Despite a new tax rule in conjunction with the Patient Protection and Affordable Care Act which may affect many churches, GuideStone Financial Resources assures its health plan participants they will not notice any impact. GuideStone has resources available on its website to help churches navigate the Affordable Care Act.

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  • Advocates urge IRS to clarify rules for nonprofits

    February 2 2015 by Adelle M. Banks, Religion News Service | with 0 comments
    Advocates urge IRS to clarify rules for nonprofits

    Religious and secular advocacy groups on Jan. 29 jointly called for greater clarity by the Internal Revenue Service regarding nonprofits and political activity. Leaders met at the National Press Club to discuss ways the tax agency could better help nonprofits know what they can and cannot do under the law.

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  • Ministers’ tax guide released by GuideStone

    January 28 2015 by Roy Hayhurst, GuideStone | with 0 comments
    Ministers’ tax guide released by GuideStone

    GuideStone Financial Resources has released its Ministers’ Tax Guide for 2014 Returns. The annual handbook provides step-by-step instructions for both active and retired ministers, sample forms and detailed help in understanding the latest tax laws. Additionally, church treasurers and other church leaders will find a valuable resource …

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  • Atheist group’s victory could help churches

    August 12 2014 by Sarah Padbury, WNS/Baptist Press | with 1 comments

    The atheist group, Freedom from Religion Foundation, reached a settlement last month with the Internal Revenue Service over stronger enforcement of policies against “church politicking.” Alliance Defending Freedom has been campaigning to overturn the portion of the tax code that prohibits…

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  • Tax reform proposal threatens charities

    April 2 2014 by J.C. Derrick, World News Service/Baptist Press | with 0 comments

    Charities could face dwindling donations if Congress adopts a new tax reform proposal introduced by Rep. Dave Camp, R-Mich., chairman of the House Ways and Means Committee. In fact, charitable organizations say it could cost them billions in donations.

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  • GuideStone releases 2014 tax guide

    February 27 2014 by Jennifer Carter, Baptist Press | with 0 comments
    GuideStone releases 2014 tax guide

    The 2014 edition of GuideStone’s annual Tax Return Preparation and Federal Reporting Guide contains a special supplement addressing key points of the recent housing allowance ruling. Church treasurers and other church leaders can also refer to the guide’s special section about important federal requirements for churches.

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  • Ministers' tax guide available from GuideStone

    March 8 2013 by Shelly Moon, Baptist Press | with 0 comments
    Ministers' tax guide available from GuideStone

    The 2013 edition of the ministers’ annual tax guide from GuideStone Financial Resources is now available. The Tax Return Preparation and Federal Reporting Guide provides both active and retired ministers step-by-step help in understanding the latest tax laws along with sample tax forms to assist in preparing 2012 federal tax returns.

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  • Obama backs litany of initiatives for progress

    February 14 2013 by Baptist Press | with 0 comments
    Obama backs litany of initiatives for progress

    The United States has made “much progress” because of the “grit and determination” of its citizens, President Obama said Tuesday (Feb. 12) in a State of the Union speech in which he promoted a litany of initiatives at the start of his second term.

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  • Adoption credit made permanent in ‘cliff’ bill

    January 4 2013 by Michael Foust, Baptist Press | with 0 comments

    The so-called “fiscal cliff” bill signed by President Obama didn’t fully please either political party, but it did contain great news for the adoption community by maintaining a tax credit that makes adoption more affordable for low- and middle-income families.

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