I am posting a link to an IRS document filled with great information about church and religious organization’s tax laws and obligations. Below are some of the topics covered. You can click on the link for a comprehensive look. http://www.irs.gov/pub/irs-pdf/p1828.pdf
Please read the following disclaimer stated in the IRS document you are about to read.
Congress has enacted special tax laws applicable to churches, religious organizations, and ministers in recognition of their unique status in American society and of their rights guaranteed by the First Amendment of the Constitution of the United States. Churches and religious organizations are generally exempt from income tax and receive other favorable treatment under the tax law; however, certain income of a church or religious organization may be subject to tax, such as income from an unrelated business. The Internal Revenue Service (IRS) offers this quick reference guide of federal tax law and procedures for churches and religious organizations to help them voluntarily comply with tax rules. The contents of this publication reflect the IRS interpretation of tax laws enacted by Congress, Treasury regulations, and court decisions. The information given is not comprehensive, however, and does not cover every situation. Thus, it is not intended to replace the law or be the sole source of information.
Tax-Exempt Status
Jeopardizing Tax-Exempt Status
Unrelated Business Income Tax (UBIT
Employment Tax
Special Rules for Compensation of Ministers
Payment Of Employee Business Expenses
Recordkeeping Requirements
Filing Requirements
Charitable Contributions Substantiation and Disclosure
Special Rules Limiting IRS Authority to Audit
