Darrin Hull

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Post By Darrin

1099-Misc

1099-Misc

The IRS Form 1099-MISC is used to report miscellaneous income to nonemployees. And while that sounds simple enough, it does present many challenges to churches and nonprofits. Confusion over what is included, when it is required, and how it should be completed is...

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Allowance Accounts

Allowance Accounts

Q: We want to give our pastor an allowance account that he can use for hospitality, benevolence, and other ministry expenses. We’ve been told this fund might be taxable to our pastor. Is that true? A: Many churches will allow the lead pastor to control an...

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Deferring a Pay Raise

Deferring a Pay Raise

Q: Recently, a senior pastor declined a bonus that the church board authorized. However, the church board placed the funds in a separate account and told the pastor he could have the funds whenever he wanted. When do these funds become taxable income to the pastor? A:...

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