Your Year-End Tax Checklist

The December holiday season is a very busy time for most people, especially clergy. Even so, it is important to start thinking ahead to the 2022 tax season and beyond. Here is a financial checklist of year-end tasks, some changes for the 2022…

New! IRS programs for individuals

Child Tax Credit  Many taxpayers with young children are receiving monthly child tax credit payments, which are advance payments of one-half of the 2021 Child Tax Credit. The other one-half of the CTC will be claimed on your 2021 tax return. You…

FALL 2020 - COVID-19 Tax Law Changes

Everyone has been impacted by the 2020 pandemic in ways too numerous to count. As a result, the nation's tax laws have changed, and may continue to change, with the intent of helping taxpayers bear the brunt of the negative economic impact of…

Charitable Giving and the TCJA

For many of us in ministry, fall signals the beginning of the church programming year and focus on stewardship with our congregations.  Now that the first filing season under the new Tax Cuts and Jobs Act is behind us, how did your…

Back to School with the new Tax Cuts and Jobs Act - 529 and ABLE

September is "Back to School" season for many families, and the IRS provides an incentive to save for your child's education through tax-advantaged 529 plans and ABLE accounts. The new tax law (TCJA) has made some changes to plans. A 529 plan…

When an IRS Notice lands in your mailbox

The IRS has begun sending out tax notices to taxpayers who still owe their 2017 tax, or whose returns the IRS is adjusting. If you still owe your 2017 tax and cannot pay it now, then go to www.irs.gov and set up an Online Payment Agreement.…