All U.S.A. overseers and pastors should be receiving a W-2 for their 2008 earnings.

A W-2, instead of a 1099, will reduce your chances of an IRS audit by 500%!

The following DVD’s will assist you in being compliant with tax laws and also save you money. The cost is $10 each, plus postage and can be ordered through Stewardship Ministries at 423.559.5109 or by email to liz@cogop.org.

• Minister’s/Church’s Tax Requirements – This DVD will answer your basic tax questions. It is not intended to be all inclusive. The information is the result of professional seminars and publications.
• Pastor’s/Overseer’s Compensation Package – It is imperative to put together a compensation package that pays the pastor/overseer in the most tax-advantageous way possible.
• 403(b) Retirement Plan for USA Overseers, Ministers, Church-Paid Employees – Planning for retirement is easier the earlier in life you start because of compounding. However, planning and contributing at any age will make a difference in retirement.

I recently received a call from a pastor’s wife who purchased the Minister’s/Church’s Tax Requirements DVD at the Assembly. She has watched it a couple of times and is saving thousands of dollars on her 2008 taxes!! She was so grateful! What a great investment of $10!

Reminder: The International LDI coming April 21-24 will offer the following speakers and topics through the Stewardship Track offered at Keith St. Church of God of Prophecy.

• Jan Couch  - The State/Local Stewardship Director
• John A. Stone  - The Effective Church/Board/F&S
• Jeff White  - Developing a Giving Church
• Mike Luthlie  - Personal Finance
• Paulette Wilbanks  - The Church Budget
• Wilbanks/Couch  - Tax Implications for Ministers/Churches

Jan Couch

Stewardship Ministries Director