Corey Pfaffe answers lots of nonprofit tax questions at his blog, MinistryCPA. If you work in the accounting part of the nonprofit world, might be a good idea to check out his site regularly. Here’s a few of the recent posts of interest:
- No Deduction for Donated Services
- Minister Employed by Church in Non-ministerial Position
- Monthly Support as Benevolence
- Housing Allowance for Independent Contractor
Check out the links for answers.
That first item on donated services is a question I receive often.
An example of how that can be phrased:
Can our charity issue a tax-deductible receipt for the value of work done by contractor at no charge?
Here’s a very unaccountant-like answer in terms of brevity:
No. You can’t.
Prof. Pfaffe has lots more info at his blog. Check it out. If you use an RSS reader, add his blog to your feed.