Author Description

This basic reference guide fills a long-standing need. --Larry Burkett's Money Matters The most understandable, easy-to-follow tax guide of its kind--explains complex tax concerns in plain language. This annual reference guide continues to be one of the few resources offering tax and financial advice to churches and nonprofit organizations. Issues of financial accountability, receiving and maintaining tax-exempt status, accounting for charitable gifts, and other crucial topics receive careful and full discussion. The 2005 edition also contains a thorough description of tax laws affecting churches and other nonprofit organizations, including changes made in 2004, ensuring compliance with all regulations. This guide is indispensable to church treasurers and anyone else responsible for the financial operation of a nonprofit organization. This 2005 edition includes: *Expert advice on handling charitable gifts *Risk management checklists *Easy techniques for simplifying financial policies and procedures *Understanding medical expense reimbursements *Key steps in sound compensation planning *Examples of required IRS filings