Download Friday: Tax Resources

April 1, 2016

It’s Download Friday, and this week we have been blogging about taxes. Today, I wanted to take this opportunity to give you some links to Tax Resources I think you will find valuable. For the record, none of these suggestions are from sponsors, they are just things we hope you find useful. You’re welcome.

The Only Tax Advice I am Willing to Give

I am not a tax professional. I am a ministry professional, and the only tax advice I am willing to give you is to go and find a tax professional (See: Take My Advice, Don’t Do Your Own Taxes). But, if you won’t take my advice, then perhaps you will listen to Kelly Phillips Erb. If that name sounds familiar it’s because she is a prolific writer, speaker, blogger, and practicing tax professional who currently works for a little publication known as Forbes. Needless to say, she knows what she is talking about!

On her Blog Taxgirl, Kelly reveals that she does not do her own taxes!

“So I’m going to let you in on a little secret: I don’t prepare my own tax returns. Completely true. It is how I stay married. You see, I used to prepare my own returns for my business and for my household. And I did just fine for a bit. But then I had three kids (and a dog). Those darn kids insisted on stuff like eating every day and having clean laundry and occasionally snuggling on the sofa. Add that to managing my business, writing my blog and occasionally running a few miles and I didn’t have a whole lot of time left over. Oddly enough, my husband felt that I shouldn’t spend the rest of it sorting out our taxes. And – much to his surprise – I agreed. As much as I’m a control freak, I firmly believe that there’s no shame in hiring someone to help you out. In fact, I highly recommend it.”

In the rest of this great article she gives solid advice about choosing a tax professional such as:

  • Understanding what you need
  • Asking about Qualifications
  • Getting Some Opinions

It’s so practical that I  hope you read it. Be advised though, her humor is a little blue, but by no means completely obscene.

Clergy Financial Tax Resources

Clergy Financial Resources out of Minnesota has been a leading provider of clergy tax services, payroll & HR, and audit solutions exclusively for religious organizations and clergy for over 36 years. They have a “Free Clergy Tax Review” program in which they will review up to the past three years of returns. But if you’re just looking for tax information and great tax resources, I recommend reading their Clergy Tax Law Blog.

GuideStone Tax Resources

In the introduction to their Ministers’ Tax Guide, GuideStone Tax Resources write: “Ministerial tax issues can be complicated. GuideStone wants to serve those who serve the Lord by providing these resources to help answer the most common tax-related issues affecting ministers and churches.”

We here at Productive Ministry want you to be successful, and finances are not something ministers are generally very good at. There is no shame in that. You are stewards of the Gospel, and that is an amazing call! Stick with what you know! With love, I leave you with this:

“The way of fools seems right to them, but the wise listen to advice.” – Proverbs 12:15 NIV

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