BobKamman
Level 15

An English theologian, J. B. Phillips, in 1947 wrote “Letters to Young Churches,” a modern translation of Paul’s New Testament letters. If you want to learn more about the Bible, read the book. It was recommended in 1952 by C. S. Lewis, author of "Chronicles of Narnia" and close friend of JRR Tolkien. If you want suggestions for how new churches (and established ones) can avoid tax problems, including those related to 1099-K forms, there is a website for that.  I suspect Intuit's Credit Karma app is involved with all this.

 https://www.startchurch.com/blog/view/name/new-tax-rule-what-churches-must-know-about-paypal-venmo-a... 

Here is some of their advice:

Audit your payment accounts

Many church planters begin their journey using their personal finances and bank accounts—including payment apps. Maybe you’ve been focused on building your church plant or ministry the last few months, and you haven’t switched over your payment accounts from your personal details to your church’s details. To make sure everything is in order for your ministry, it’s a good idea to take time to audit your payment accounts.

Here are three steps to take: 

  1. Check your payment accounts and apps to ensure your:
    1. Your church’s FEIN is correct
    2. Your church or ministry is listed as the account holder
    3. Your apps and accounts are connected to the church’s bank account
    4. Your address and any additional information listed are under your organization’s name and not an individual’s name.
  2. You may need to set up entirely new accounts if you have everything stored under personal accounts.
  3. If you haven’t done so already, start the process of obtaining 501(c)(3) tax-exempt status for your organization to receive tax-deductible contributions.