Last week I wrote about the welcomed recent repeal of the “parking lot tax” for nonprofits and churches.
This week we stay in a tax mindset.
This time it’s to highlight a perennial reader favorite written by attorney and CPA Richard Hammar: the top ten tax developments churches and clergy should note for 2020. This year’s list, available to Church Law & Tax members, contains a few expected entries, including the clergy housing allowance and annual inflation adjustments. But it also covers some unexpected twists and turns, such as love gifts for pastors, health reimbursement arrangements, and the legal enforceability of pledges made by donors to churches.
Did you know Hammar’s 2020 Church & Clergy Tax Guide contains these ten developments, as well as 65 more? Pre-order the book now for shipment later this month—or, for the first time ever, you can purchase and use the fully searchable PDF version now.
Also this week:
The Lord bless you and keep you,