New IRS publication on churches & tax exemption
The Internal Revenue Service has issued a revised version of its publication, Tax Guide for Churches and Religious Organizations. The 28-page multi-colored publication provides guidance on obtaining and keeping tax exempt status, employment taxes, unrelated business income taxes, employee business expenses, record keeping and filing requirements.
The IRS says that this is meant to be a quick reference to the current state of tax law and procedures as they relate to churches and religious organizations. They say it will be revised from time to time.
Download the document here and pass one along to your treasurer and vestry.
HT to Religion Clause.
