Dallas—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/Tax Guide 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. (BP)