From one of our clients, January 2024…Imagine ordering your church from a purported national leader and advocate of 501(c)(3) formation and find out after you paid that they set up an “Accountability Board” that is authorized to remove the pastor. This board is separate and distinct from the board of directors. That’s right… the formation […]
Taylor v Commissioner- (A Proper Analysis)
This tax court case is about a donation being disallowed (not a qualified receipt) from a church that stopped paying employment taxes for their employees. Sound familiar? It should, this is part of the Indianapolis Baptist Temple (IBT) saga. Please read our post from last week on what really happened with IBT. Mr. Taylor, made […]
What Is The Indianapolis Baptist Temple Case Really About- (Employment Taxes)
The Indianapolis Baptist Church was an independent church founded in 1950 and incorporated as a nonprofit. In 1983 the church membership decided to manage the church as an unincorporated religious society called Indianapolis Baptist Temple. Later in May 1987 the church transferred all of its assets to Pastor Greg Dixon as trustee. The church stopped […]
Beneficial Ownership Information for the (FinCEN) US Treasury Requirements 2024
Starting on January 1, 2024 existing LLCs, Corporations, and business entities are required to file a Beneficial Ownership Information (BOI) report about who ultimately owns and controls them by January 1, 2025. Failure to comply may result in fines of up to $500 per day and a criminal charge which may include imprisonment for up […]
What Grants Are Available For Churches in 2023?
Any Private Foundation, Public Foundation, other church, any 501c3 may give (donate) to your ministry. Some foundations and organizations offer grants specifically to faith-based organizations for projects that align with their missions. The Lilly Endowment, for example, provides grants to churches through their National Initiative to Address Economic Challenges Facing Pastoral Leaders. Social Services Grants: […]
WA Secretary of State: Consumer Alert!
Protect Your Ministry From These Scams The Official Washington State Website has this consumer alert posted on their website: None of these solicitations to file an annual report come from our office. Don’t be fooled by misleading solicitations. The WA State Attorney General has filed suit against the owners of several of these companies including: Listed below […]