IF YOUR CHURCH OR NONPROFIT OR BUSINESS IS INTERESTED IN THE PAYCHECK PROTECTION PROGRAM PLEASE GO TO THIS WEBSITE.
March 18, 2020
Notice 2020-17
PAYMENT RELIEF ON ACCOUNT OF CORONAVIRUS DISEASE 2019 (COVID-19) EMERGENCY. THE TREASURY DEPARTMENT AND IRS ARE EXTENDING THE DUE DATE FOR FEDERAL INCOME TAX PAYMENTS DUE APRIL 15, 2020 TO JULY 15, 2020, FOR PAYMENTS DUE OF UP TO $1 MILLION FOR INDIVIDUALS - REGARDLESS OF FILING STATUS - AND OTHER UNINCORPORATED ENTITIES. ASSOCIATED INTEREST, ADDITIONS TO TAX AND PENALTIES FOR LATE PAYMENT WILL ALSO BE SUSPENDED UNTIL JULY 15, 2020.
February 2020
Congressman Kevin McCarthey introduced a new bill 'the Clergy Act' where ministers who had opted out of social security may be able to opt back in! An application must be filed by a minister no later than the due date of the federal income tax return (including extensions) for the minister's 2nd taxable year beginning after December 31, 2020. You do not have to pay retroactive social security taxes for years before the opt-in date.
Form 1023 (Application for Nonprofit status)
Beginning Jan. 31, 2020, applications for recognition of exemption on Form 1023 must be submitted electronically online at www.pay.gov. The IRS will provide a 90 day grace period during which it will continue to accept paper versions of Form 1023. (Rev. 12-2017)
March 2019
Wonderful Update!
Court Overturns Atheist case! Victory For Pastors' Housing Allowance!
The seventh circuit rules that Clergy Housing Allowance is constitutional despite the challenge by Freedom from Religion Foundation. This is great news!
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