Ep 43~ Love Offerings and Why They are Taxable to Staff Members

2023-11-01

In todays episode I walk you through three reasons why generally all love offerings to staff members are considered taxable income by the IRS. It can be frustrating, but the IRS is clear that "income from whatever source derived" is taxable. Take a listen to see what else the IRS has to say on the topic. As always, thanks for taking time to listen. I truly appreciate it! xo, Michelle Next Steps: Grab Your Freebies: https://churchfinances.ck.page/6steps biz own...

In todays episode I walk you through three reasons why generally all love offerings to staff members are considered taxable income by the IRS.

It can be frustrating, but the IRS is clear that "income from whatever source derived" is taxable.

Take a listen to see what else the IRS has to say on the topic.

As always, thanks for taking time to listen. I truly appreciate it!

xo, Michelle Next Steps: Grab Your Freebies:

https://churchfinances.ck.page/6steps biz owners

https://churchfinances.ck.page/guide everybody Schedule a Consultation:

https://churchfinances.org/consult

Join the FB Community:

www.facebook.com/groups/churchbookkeepingandclergytax

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