Since the Tax Cuts and Jobs Act (TCJA) in late 2017 and the Taxpayer First Act of July 2019, there are significant changes in tax regulations.  The IRS issued and revised several regulations that affect nonprofits and religious organizations specifically. Here are a few you need to be aware of: Tax-Exempt Organizations must file Form 990 electronically for tax years beginning after July 1, 2019. If your tax year ends on or before June 30, 2020, you can still file via paper this year. Form 990-EZ short-form filers (revenues less than $200,000 and assets less than $500,000) have an additional...

Read more

1099, independent contractors, IRS -

IRS Form 1099 is required to be sent to independent contractors of your business or organization if they were paid more than $600 for the year. For details on who is and who is not considered an independent contractor, check out my book,  Church Accounting-The How-To Guide to Small & Growing Churches or go to If you only have a few to send out and don't want to pay for a package of 50 at the office supply store, go to to order the forms for free directly from the IRS.  You will have to fill them out manually, so if...

Read more