Comments for PS20 - Practical Solutions http://www.ps20.net enabling organizations to focus on their strategies by providing practical solutions Fri, 04 Jul 2008 18:40:14 +0000 http://wordpress.org/?v=2.5 Comment on The Newest Member of our Team! by PS20 - Practical Solutions » Where have we been??? http://www.ps20.net/the-newest-member-of-our-team/#comment-45 PS20 - Practical Solutions » Where have we been??? Thu, 03 Jul 2008 17:38:32 +0000 http://s241328799.onlinehome.us/?p=22#comment-45 [...] a convention… Then, a week or so later we were up to Chicago to spend some time working with Kristy. My brother graduated with his MBA from Kellogg School of Management, (ie. Northwestern University) [...] […] a convention… Then, a week or so later we were up to Chicago to spend some time working with Kristy. My brother graduated with his MBA from Kellogg School of Management, (ie. Northwestern University) […]

]]> Comment on The Swell Season by Isorski http://www.ps20.net/the-swell-season/#comment-16 Isorski Thu, 22 May 2008 18:48:48 +0000 http://www.ps20.net/?p=70#comment-16 Wow, very cool. Sometimes those last minute tix score you seats that have JUST been released by the venue. I caught Swell Season at the start of the tour in Portland and they were fantastic. I posted a review on my blog at http://isorski.blogspot.com/2008/04/concert-review-swell-season.html. Check it out! Wow, very cool. Sometimes those last minute tix score you seats that have JUST been released by the venue.

I caught Swell Season at the start of the tour in Portland and they were fantastic. I posted a review on my blog at http://isorski.blogspot.com/2008/04/concert-review-swell-season.html. Check it out!

]]> Comment on Ordained :: Employee vs. Self-employed by Ordained :: Employee vs. Self-employed http://www.ps20.net/ordained-employee-vs-self-employed/#comment-7 Ordained :: Employee vs. Self-employed Tue, 06 May 2008 14:26:21 +0000 http://www.ps20.net/?p=64#comment-7 [...] agung wrote an interesting post today onHere’s a quick excerptIt’s got a bunch of accounting / tax / nerd stuff in it. BUT, it’s useful information. So, here goes… If you want, you can take notes like this girl [...] […] agung wrote an interesting post today onHere’s a quick excerptIt’s got a bunch of accounting / tax / nerd stuff in it. BUT, it’s useful information. So, here goes… If you want, you can take notes like this girl […]

]]> Comment on Contact by PS20 - Practical Solutions » Where we’re at http://www.ps20.net/contact/#comment-6 PS20 - Practical Solutions » Where we’re at Sat, 12 Apr 2008 04:00:31 +0000 http://s241328799.onlinehome.us/?page_id=14#comment-6 [...] BusinessChurches & Non-ProfitsAdditional ServicesTop 10 Reasons to Hire PS20Privacy PolicyBlogContact Mar [...] […] BusinessChurches & Non-ProfitsAdditional ServicesTop 10 Reasons to Hire PS20Privacy PolicyBlogContact Mar […]

]]> Comment on Church & Non-Profit explained (Part 1) by Ben Habeck http://www.ps20.net/church-non-profit-explained-part-1/#comment-4 Ben Habeck Fri, 11 Apr 2008 20:10:36 +0000 http://s241328799.onlinehome.us/?p=34#comment-4 Hey Anonymous! This is a great question and is somewhat gray. Here is our opinion... Churches that meet the requirements for the IRC section 501(c)(3) are automatically considered tax exempt and are not required to apply for and obtain recognition of tax-exempt status from the IRS. Although there is no requirement to do so, many churches seek recognition of tax-exempt status from the IRS because such recognition assures church leaders, members, and contributors that the church is recognized as exempt and qualifies for related tax benefits. For example, contributors to a church that has been recognized as tax exempt would know that their contributions generally are tax-deductible. Again, churches are not required to file Form 1023. If they decide to file Form 1023, they are not required to file Form 990. In fact, we don't necessarily recommend filing either. So, every tax-exempt organization, including a church, "should" have an employer identification number (EIN), whether or not the organization has any employees. There are many instances in which an EIN is necessary. For example, a church needs an EIN when it opens a bank account, in order to be listed as a subordinate in a group filing, or if it files returns with the IRS (e.g., Forms W-2, 1099, 990-T, etc.). I hope this helps answer your question. Please, feel free to contact us should you have ANY further questions. Hey Anonymous!
This is a great question and is somewhat gray.

Here is our opinion…

Churches that meet the requirements for the IRC section 501(c)(3) are automatically considered tax exempt and are not required to apply for and obtain recognition of tax-exempt status from the IRS.

Although there is no requirement to do so, many churches seek recognition of tax-exempt status from the IRS because such recognition assures church leaders, members, and contributors that the church is recognized as exempt and qualifies for related tax benefits. For example, contributors to a church that has been recognized as tax exempt would know that their contributions generally are tax-deductible. Again, churches are not required to file Form 1023. If they decide to file Form 1023, they are not required to file Form 990. In fact, we don’t necessarily recommend filing either.

So, every tax-exempt organization, including a church, “should” have an employer identification number (EIN), whether or not the organization has any employees. There are many instances in which an EIN is necessary. For example, a church needs an EIN when it opens a bank account, in order to be listed as a subordinate in a group filing, or if it files returns with the IRS (e.g., Forms W-2, 1099, 990-T, etc.).

I hope this helps answer your question. Please, feel free to contact us should you have ANY further questions.

]]> Comment on Church & Non-Profit explained (Part 1) by Anonymous http://www.ps20.net/church-non-profit-explained-part-1/#comment-3 Anonymous Fri, 11 Apr 2008 20:09:55 +0000 http://s241328799.onlinehome.us/?p=34#comment-3 can a church be recognized by the IRS as tax-exempt without incorporation? can a church be recognized by the IRS as tax-exempt without incorporation?

]]> Comment on Who we are! by Luke http://www.ps20.net/who-we-are/#comment-2 Luke Fri, 11 Apr 2008 20:08:29 +0000 http://s241328799.onlinehome.us/?p=15#comment-2 That's one hot looking accounting firm. : - ) Looks like you guys are doing a good thing... That’s one hot looking accounting firm. : - )

Looks like you guys are doing a good thing…

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