Welcome to tax law Guide
Church Tax Law Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Understanding Income Tax Law
from:It’s important that we all understand our country’s income tax law in order to pay our taxes appropriately. Our income tax law is complicated, but there are some ways to ensure that you know all the laws that are important to you when you file your taxes each year. Here are some tips to help you ensure you know all the income tax laws that apply to you.
Use tax preparation software- There are several tax preparations software programs on the market. Some you can purchase and install on your home PC, others you can use online through the web. These programs can make tax preparation a breeze because they keep up with all the income tax laws for you. Most tax preparation software will walk you through a series of simple questions to help you file your taxes appropriately, gaining all the deductions to which you’re entitled. These programs will walk you through checks to ensure you’ve done things properly and will do most of the math for you too. They’ll also store your personal information, such as social security numbers and employer information so that you don’t have to re-enter this information every year. Some tax preparation software will even provide support to you if you’re ever audited.
Tax preparation software is relatively inexpensive, and if you use the online versions, you can often have your fees taken directly out of your refund, if one is due to you. With this method, you pay no fees out of pocket when you file your taxes.
Use a tax professional – Tax professionals do cost money, but because they are experts in income tax law, they can often save you more money in deductions than they charge for their fees. They’ll also be there to help you out in the event you are forced to go through an audit. Some tax preparation companies will even loan you an advance on your refund, if you’re due one. You simply have them prepare your taxes and determine your refund amount. They’ll provide you the refund on the spot, and then take your real refund when it comes from the IRS. Of course, you’re subject to extra fees for getting your refund this way.
Read the IRS publications – Each year the IRS publishes an overview of all changes to our income tax law. By reviewing these changes each year before you file your taxes, you can keep abreast of all the changes that will affect you. This publication is a must for those who insist on the “do it yourself” approach to tax filing.
Church Tax Law News
Maiden church's sermon spurs possible IRS scrutiny over tax-exempt status - Hickory Daily Record
 kypost.com | Maiden church's sermon spurs possible IRS scrutiny over tax-exempt status Hickory Daily Record Lynn said the sermon is a violation of federal tax law granting the church its tax-exempt status. In the sermon, Worley tells his congregants lesbians, gays and homosexuals should be put in an electrified fence so they can't get out, with each gender ... AU says anti-gay sermon broke tax law Maiden church should be investigated, group says Group thinks church should lose tax-exempt status after controversial sermon |
City wins church tax fight - Concord Monitor
City wins church tax fight Concord Monitor Senior pastor Jim Guzofski, right, looks around at one of the apartment units attached to the Liberty Assembly of God church in Concord on Tuesday, August 24, 2010. The church is under scrutiny for tax exemptions that they claimed in 2008. |
Religion news in brief - Fox News
Religion news in brief Fox News Americans United for Separation of Church and State say Spriggs' comments violates IRS rules on political activism by nonprofit religious groups. The IRS rarely revokes a church's tax-exempt status. Spriggs did not return phone calls to his home and ... |
NC law to tie corporate tax break, private tuition - Education Week News
NC law to tie corporate tax break, private tuition Education Week News RALEIGH, NC (AP) — North Carolina lawmakers this week will introduce legislation that would let corporations send up to $40 million of their state taxes next year to a program that would give low-income children up to $4000 to attend private or ... |
If you're thinking the Constitution and the separation of church and state ... - WFMY News 2
If you're thinking the Constitution and the separation of church and state ... WFMY News 2 However, there is a separation of religion and politics in the Internal Revenue Tax Code. You see, most churches are non-profits and are tax exempt under the code 501(c)(3). There are strings attached. The IRS code reads, "churches and religious ... |