Virginia Earthquake casualty losses

Victims of the Virginia earthquake on August 23, 2011 may be eligible to receive tax relief on casualty losses due to the earthquake. President Obama has declared the counties of Culpeper, Fluvanna, Goochland, Louisa, Orange, Spotsylvania, and…

'Tis the season!

Mt. Vernon UMC, Danville, VAThis is perhaps the busiest season for clergy of all faiths, but remember to take time to attend to a few important tasks before the end of the calendar year. Your Accountable Reimbursement Plan Setting the designated…

It's that time again for Parsonage Allowance/Exclusion designations!

This time of year, churches are designating amounts which can be excluded by their clergy in the next year for a parsonage allowance. Some churches provide a house for the minister, in which case the minister is allowed to exclude from taxable…