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Reimbursable Expenses

Discussion in '2000-02 Archive' started by Barnabas H., Jan 15, 2002.

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  1. Barnabas H.

    Barnabas H. <b>Oldtimer</b>

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    Webmaster, I heard that reimbursable expenses for pastors gives a little tax relief and if the congregation adopts this paying method, it reduces the payroll tax for their pastor. Do you have any input on this? [​IMG]

    [ January 17, 2002: Message edited by: Barnabas ]
     
    #1 Barnabas H., Jan 15, 2002
  2. bb_baptist

    bb_baptist New Member

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    That's correct. Pastors will pay more taxes without an "Accountable Plan" because allowances or reimbursements must be reported as taxable income. These would be deductible expenses if the pastor itemizes on his tax return, but most pastors take the standard deduction, therefore, they cannot take a deduction for these reimbursements.
     
    #2 bb_baptist, Jan 21, 2002
  3. bb_baptist

    bb_baptist New Member

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    Every church board should pass a resolution to adopt an Accountable Plan describing the church's reimbursement policy.

    This should be in writing and it should clearly specify reimbursable expenses.

    For additional info on Accountable Plan for ministry-related expenses get a free copy of IRS Publication 463 at 1-800-829-3676.
     
    #3 bb_baptist, Jan 21, 2002
  4. TomVols

    TomVols New Member

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    I also have some copies of a sample ARP if anyone would like one.
     
    #4 TomVols, Jan 24, 2002
  5. TomVols

    TomVols New Member

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    Speaking of all this, is it true that the mileage rate this year is 36.5 cents per mile, up from 34.5?
     
    #5 TomVols, Jan 24, 2002
  6. bb_baptist

    bb_baptist New Member

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    Yes.
     
    #6 bb_baptist, Jan 24, 2002
  7. TomVols

    TomVols New Member

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    Do you have a link or something to verify this? Not that I doubt your word, I just need this for my monthly mileage report :D Haven't found anything at www.irs.gov
     
    #7 TomVols, Jan 25, 2002
  8. SaggyWoman

    SaggyWoman Active Member

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    It is 36.5. I have a newsarticle on my desk at church--wish I could fax it.
     
    #8 SaggyWoman, Jan 25, 2002
  9. Kathy

    Kathy New Member

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    <BLOCKQUOTE>quote:</font><HR>Originally posted by TomVols:
    I also have some copies of a sample ARP if anyone would like one.<HR></BLOCKQUOTE>

    I'd appreciate one to give to my Pastor. Thanks! I'll send you a private message with my e-mail addy.

    Kathy
    &lt;&gt;&lt;
     
    #9 Kathy, Jan 25, 2002
  10. TomVols

    TomVols New Member

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    I'll be happy to send you one Kathy.

    Anyone seen any hard copy evidence of the mileage rate increase that you can send my way by link, fax, or email?
     
    #10 TomVols, Jan 28, 2002
  11. SaggyWoman

    SaggyWoman Active Member

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    TomVols,

    You might link up to the www.baptistmessenger.com or org or whatever it is---I think the story was in a Nov or Dec issue.
     
    #11 SaggyWoman, Jan 28, 2002
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