Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 Do you think wealthy adults should pay higher taxes?
and average families should have a tax cut


:)...


 Halifax Building Society UK anyone else p****d off with them?
im annoyed at the amount of OUR money they are spending on their Tacky adverts!
Additional Details
ive been with them for over 25 years and cannot even get a loan from them cos of my ...


 If you filed your taxes through Turbo Tax, will the government issue you a paper check?

Additional Details
for the stimulus refund?...


 Is their any way i can get my income tax refund even if i owe money for child support?

Additional Details
Im not a dead beat my children are back with me.But i still owe back pay to the county....


 Am I considered "Head of Household" for my W-4?
I am filling out my W-4 and wondering if I am considered Head of Household. I am a full-time student, and I work full-time as well. I have my own apartment (renting) and I pay all the utilities and ...


 How soon can I file my taxes if I won't make any more money in 2008?
I have a situation where I need to file my taxes literally AS SOON AS POSSIBLE. I mean, even before 1/1/09, if possible with my last stub. I am trying to get my employer to give me my W-2 immediately,...


 Efiled and was accepted by the IRS on the 16 Jan 2009. Still does not show up in Where's My Refund. ?
Efiled on the 16 Jan 2009 and was accepted by the IRS . Still does not show up in Where's My Refund. Is there something wrong? Anyone else experience this issue? If its accepted why is it not ...


 If I collect unemployment, do I get tax money back?
I am recieving unemplyment benefits. Do I get tax moeny back when I file in 2009?...


 Do you support or oppose the Fair Tax?
Do you agree or disagree that the USA should get rid of the income tax and create a national sales tax? The poor consume less so naturally they would pay less, but with the fair tax they would be ...


 Do I have to file taxes if did not work and my boyfriend support me?
...


 Can she claim me on her income taxes?
i lived with my mom from jan this year till sep and then i moved out and in with some one else and there taking care of me i dont work or anything so who should claim me on there taxes?

so ...


 I've been told that there no law exist where it states you have to file an Income Tax. Is that true?
...


 What would happen if I include a copy of my W2 with my federal income tax instead of the original?

Additional Details
By "copy" I mean photocopy or printing from an online source....


 Will I still get a check if I am making payments on taxes I owe for previous years?
...


 What should I do if I missed the cut off date to file my 2007 federal taxes?
...


 Where are the people who want to donate me some money so they can use it as a tax write off?
...


 I am a student and I work fulltime. Am I suppose to get back everything taken from federal tax?
A friend of mine(whose mother is an accountant) told me that I should get everything back because I am a full time student...is this correct? I dont have any dependents and noone else can claim me as ...


 Are gambling debts ever deductible?
I know you can deduct various investment losses, but was wondering if it was possible with proff in the case of ...


 Has anyone received their taxrebate check by mail yet?
I received a letter from the IRS saying I should expext to receive my check by May 16. Well I havent received anything and neither has anyone I know. Whats going on???...


 What do i spend my $6,800 tax return on?!?
...



Immortal Beloved
Do churches pay federal and/or state taxes on their "earnings"?
I am referring to any contributions by members, pastor's salaries, properties owned, etc.
Thank you for your help.
                     
 




Judy1
The easy answer to this is "no" - the complete answer is far more complicated.

Income directly from their main purpose of operation is not taxable at the federal, state or local level. So contributions from members would not be taxed. Pastors do pay taxes on their salaries.

Properties owned can be a bit complicated. They don't pay property tax on properties directly associated with their charitable purpose - like the church itself, a fellowship hall, or parsonage. But if they own property they rent out to earn money for the church, they do pay property taxes on that. And they might be subject to income tax on the rent if the property is mortgaged, although not if it isn't - I know that sounds strange, but laws are strange sometimes.


Mathew
Rating
Church "earnings" may well be taxable depending on the source. If they are running an enterprise that would otherwise be taxable (a restaurant) they likely are paying tax. The contributions you or I may make to the church is not taxable as income. The income of the Pastor and all of the employees are taxable. There are some credits and deductions that are unique but that is true with any type of organization. Not all property owned by the church is exempt from property tax. Those properties used exclusively for religious purposes are exempt. An example of property that is taxed would be property that they are holding for future building projects. That would be taxable.


rhett_madison
Rating
501 (c) 3


mister ed
Rating
- normally not _- the pastor's salaries are taxable


shoredude2
Churches are considered charities, so they don't have earnings like a person or a corporation. The pastor pays income tax on his or her earnings from the church as well as monies paid for services, such as weddings.


PepsiLime
Rating
church's earnings are tax-exempt from both federal and state taxes. Church properties are generally exempt from property taxes as well. Pastor's salary is subject to the normal payroll taxes though.


beledur
I do not believe they pay any taxes as they are not for profit entities and all funds made or recieved pay for their maitainance and upkeep. Preist do not get payed...they are provided for....at least in the catholic churches.


bostonianinmo
Rating
No, they do not pay taxes. The pastor DOES pay tax on his personal salary and earnings unless he is a member of an order that has taken a vow of poverty. In the case of a poverty vow, any income belongs to the order and is not taxable to anyone.


Arundweepsingh bhatia
Rating
state taxes


freakboynv2000
i believe that churches are tax exempt entities and they do not pay taxes on income. they may have to pay property tax on buildings that they hold but I am not sure. clergy don't pay income taxes as they have special exempt status.


i stand corrected.


Konny
hmm this may be one of the spiritual mysteries eluded to in their tax returns....its amazing how much you can hide under the guise of religious freedom :)...havent heard from you in a while :)


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.054
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy