The Northwest Ministry Network has been accredited with the Evangelical Council of Financial Accountability (ECFA) since 2007.  We have found great value in the additional levels of financial accountability they have provided us.  We are very appreciative of their partnership and willingness to make the two resources below – Preparing Tax Returns for Clergy and Reporting Procedures for Congregations – available to our Network ministers and churches.

Preparing Tax Returns for Clergy

The federal tax laws offer you special treatment for both income taxes and social security taxes.  Most congregations will gladly help you maximize the tax advantages.  This booklet includes a seven-page section on the line-by-line preparation of the Form 1040 and related key forms and schedules.  There are a number of changes related to 2011 taxes included – mileage rates, retirement contribution limits, social security, and unreimbursed expenses.

Reporting Procedures for Congregations

This resource will help church leaders be aware of the filing requirements imposed by the Internal Revenue Service, state, and local taxing authorities.  It will also highlight key changes for 2012 which church leaders should be aware of – mileage rates, retirement contribution limits, and social security.