News
  • 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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  • 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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  • Budget proposal could impact charitable gifts

    March 5 2009 by Steve DeVane, BR Managing Editor | with 0 comments

    Baptist organizations are trying to gauge the impact of a proposed change in the federal budget that could decrease the tax benefit for wealthy donors of their charitable gifts. President Barack Obama’s proposed budget would decrease the tax benefit of deductions for a taxpayer making more than $250,000 from 35 percent to 28 percent

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