Friday, August 22, 2008

New IRS Publication on Taxation of Churches and Religious Institutions

The Internal Revenue Service has issued a revised version of its publication, Tax Guide for Churches and Religious Organizations. The 28-page multi-colored publication provides guidance on obtaining and keeping tax exempt status, employment taxes, unrelated business income taxes, employee business expenses, record keeping and filing requirements. [Thanks to Steven H. Sholk and Steve Sheinberg for leads on this.]