GuideStone Financial Resources’ tax guide for churches and ministers is being released in two phases for 2016, the Southern Baptist entity announced Jan. 19.
The Federal Reporting Requirements for Churches section is available now at GuideStone.org/Tax Guide. This section details filing requirements for Forms W-2 and 1099 as well as a brief section on filing requirements many churches will face as part of the Affordable Care Act.
The remainder of the annual 2016 Tax Return Preparation and Federal Reporting Guide, Ministers’ Tax Guide for 2015 Returns, with its step-by-step filing instructions of personal ministers’ taxes, will be available online by the end of January.
GuideStone participants can receive the free guide by visiting GuideStone.org/TaxGuide or can request a free printed copy by calling 1-888-98-GUIDE (1-888-984-8433).
The guide was written again this year by Richard Hammar, a noted CPA, attorney and widely published author who specializes in legal and tax issues for ministers. Additionally, the material is edited by GuideStone’s staff to ensure that it addresses, in detail, tax issues directly affecting Southern Baptist pastors.
“Each year, we hear from so many pastors and other ministers about the help the Ministers’ Tax Guide is for them and their families as they navigate tax filing, either on their own or alongside their tax preparer,” GuideStone President O.S. Hawkins said. “It is a joy to hear from so many pastors who tell us how thankful they are for this guide and how much it helps them. This free guide is part of the ministry of GuideStone, and we are pleased to bring it to our participants.”
(EDITOR’S NOTE – Roy Hayhurst is department head of denominational and public relations services for GuideStone Financial Resources of the Southern Baptist Convention.)