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PASTOR GENERAL'S
REPoRT
TO THE MINISTRY OF THE
WORLDWIDE CHURCH OF GOD
VOL.6, N0.43
PASADENA, CALIFORNIA
FROM MINISTERIAL SERVICES
Year-end Tax Review for U.S. Ministers
NOVEMBER 9, 1984
With the Feast now over, the end of the year rapidly approaches. It is time
to start putting your tax records in order for the tax return that you will
need to file early next year.
We want to remind you of a couple of the many items you need to consider in
preparing your return. First, be sure to review your housing allowance to
be certain that what you have set aside is the appropriate amount. Any a
mount that has been set aside and not spent during the year must be declared
as income. On the other hand, any amount spent but not previously set aside
cannot now be deducted. If you find yourself in this situation, you may
want to consider filing an updated Ministerial Housing Allowance form.
The other item you need to plan for is your expense records for both the
monthly ministerial and second tithe allotments.
Any unused allotment
should be returned. Please make separate checks for second tithe funds and
for the monthly allotment.
Regarding the monthly allotment, when your allotment check is mailed, it is
sent in advance of projected expenses. At the end of the year, the total of
all allotment checks will be added to your W-2 form as income. Unless you
can sufficiently justify to the IRS the business expenses that match the
expense allotments you received, you will end up having to pay tax on it.
The allotment check is to be used only for Church business expenses. If you
have received more expense money than you actually spent, you should return
the excess to the Church. If you find that your allotment has exceeded your
expense by a large amount, you may need to consider reducing the allotment.
If you want to do this, please include a note to that effect with your reim
bursement check.
We need to receive any reimbursement checks
12.Y
the middle of December in or
der to credit the amount to your W-2 statement.
If we don't have it by
then, we can't be sure the necessary processing will get done. If it isn't
received in time, your W-2 statement will not reflect the returned money,
and you will have to pay tax on that amount. You will need to estimate your
expense needs for the rest of the year to know how much to return.
Comments From Monthly Church Reports
From the United States
TEXARKANA, TX--CHARLES BRYCE: We have witnessed a definite im
provement in the attitudes of YOU members recently. In general
they are becoming more responsive and responsible. We attribute
this at least in part to young ones who have been "turned-on" by
the YES program and are now at the bottom end of YOU. So we are