Housing Allowances

IRS Publication 517 covers housing allowances, and with tax season approaching, I wanted to quickly go over how organizations should provide this benefit and how recipients should handle it. I mentioned a specific reference from Publication 517 during the podcast but couldn't find it at the time—it’s in the Q&A section. Below is the link to that section.https://www.irs.gov/faqs/interest-dividends-other-types-of-income/ministers-compensation-housing-allowance/ministers-compensation-housing-allowance

I share my thoughts on how service providers and clients can collaborate more effectively to minimize the stress and costs associated with providing some of the required services.

A topic that I have been slow to address. How do we differentiate between sponsorship and advertising transactions and revenue?

On this episode, we discuss the different types of reimbursement plans an organization can have and the possible tax impact of the individual being reimbursed.

Do you know what insurance matters your organization should be thinking about? Tune in to meet Heritage Insurance Advisor Andrew Oswalt and learn about different types of insurance and reawaken your perspective on insurance and how you approach it.

Cash versus accrual accounting. In practice, what is the real difference for most organizations? Which is best for you to use?

Have you ever wondered what exactly an Audit is? Do you think your nonprofit would benefit from an audit? Tune in to hear what audits do and don't do on A Different Type of Bean Counter.

Have you ever wondered how to go about starting a nonprofit organization? Listen for the key steps to your organization formation and to ensure your tax exempt application is approved by the IRS.

Do you know the difference between a bookkeeper, an accountant, a controller and a CFO?  Each financial role serves a very specific role.  Listen to hear how each role can benefit your organization.

Almost all nonprofit organization have these type of transactions. Are we identifying and reporting them properly?