Dan Busby - Zondervan 2019 Church and Nonprofit Tax and Financial Guide: For 2018 Tax Returns

ZONDERVAN

Zondervan 2019 Church and Nonprofit Tax and Financial Guide

Copyright 2019 by ECFA (Evangelical Council for Financial Accountability)

Requests for information should be addressed to:

Zondervan, 3900 Sparks Dr. SE, Grand Rapids, Michigan 49546

ePub Edition December 2018: ISBN 978-0-310-09268- 1

Publishers note: This guide is published in recognition of the need for clarification of tax and other laws for churches and nonprofit organizations. Every effort has been made to publish a timely, accurate, and authoritative guide. The publisher, author, and reviewers do not assume any legal responsibility for the accuracy of the text or any other contents.

Readers are cautioned that this book is sold with the understanding that the publisher is not rendering legal, accounting, or other professional service. Organizations with specific tax problems should seek the professional advice of a tax accountant or lawyer.

References to IRS forms and tax rates are derived from preliminary proofs of 2018 forms or 2017 forms. Some adaptation for changes may be necessary. These materials should be used solely as a guide in filling out 2018 tax and information returns. To obtain the final forms, schedules, and tables for filing returns and forms, contact the IRS or a public library.

The term nonprofit organization covers a broad range of entities such as churches, colleges, universities, health care providers, business leagues, veterans groups, political parties, country clubs, and united-giving campaigns. The most common type of nonprofit is the charitable organization.

The nonprofit organization concept is basically a state law creation, but tax-exempt organizations are based primarily on federal law. The Internal Revenue Code does not use the word nonprofit. The Code refers to nonprofits as exempt organizations. Certain state statutes use the term not-for-profit. A not-for-profit organization under state law may or may not be tax-exempt under federal law. In this book, the term nonprofit refers to nonprofit organizations that are exempt from federal income tax.

All Scripture quotations, unless otherwise indicated, are taken from The Holy Bible, New International Version, NIV. Copyright 1973, 1978, 1984, 2011 by Biblica, Inc. Used by permission of Zondervan. All rights reserved worldwide. www.Zondervan.com. The NIV and New International Version are trademarks registered in the United States Patent and Trademark Office by Biblica, Inc.

Any Internet addresses (websites, blogs, etc.) and telephone numbers in this book are offered as a resource. They are not intended in any way to be or imply an endorsement by Zondervan, nor does Zondervan vouch for the content of these sites and numbers for the life of this book.

All rights reserved. With the exception of the sample board resolutions, checklists, charts, and procedures, no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any meanselectronic, mechanical, photocopy, recording, or any otherexcept for brief quotations in printed reviews, without the prior permission of the publisher.

18 19 20 21 22 23 24 25 / DHV / 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1

Information about External Hyperlinks in this ebook

Please note that footnotes in this ebook may contain hyperlinks to external websites as part of bibliographic citations. These hyperlinks have not been activated by the publisher, who cannot verify the accuracy of these links beyond the date of publication.