For decades, pastors and other religious leaders who elected to opt out of Social Security faced a decision that was generally permanent. Even if their financial circumstances changed or they reconsidered their retirement plans, there was typically no opportunity to...
Question: Do churches and ministries have to comply with ACA reporting? Answer: It depends. Your obligation to report depends entirely on the size of your team, not your tax-exempt status. If your ministry averaged 50 or more full-time employees, including...
Question: Is it possible to reclassify staff members who were incorrectly designated as ministers for tax purposes? Answer: Yes, and the wisest way to handle a misclassification—especially regarding the minister's housing allowance and FICA-exempt status—is to...