News & Articles

Article

Approaching age 70? Here's what you need to know about RMDs...

Starting in the year you reach 70 1/2, the IRS requires you to begin subjecting a portion of your deferred retirement savings to possible income tax.
Article

Distribution Options within FCMM Retirement Plan (Updated 6/9/2017)

When it’s time to draw retirement benefits, you have several choices to meet your circumstances.
News

FCMM President Enters Last Year

Ross Morrison announces retirement
Article

Video workshop on Minister Tax and Finance

Understanding the basics to become clergy tax savvy.
Article

What Could Be Better Than a Roth?

For the minister, elective contributions to a church retirement plan can avoid taxation when invested and then avoid taxation when distributed as housing allowance.
Article

Completing the W-2 for Retirement Contributions

Proper reporting of retirement contributions is important.
Article

Quick Guide to Tax Reporting for Retirement Distributions

Basic information for handling 1099-R information for tax filing.
News

Tax Booklets Available for Download (2017)

Two 2017 booklets for clergy and church tax matters are available for downloaded.
News

New Overtime Rules Affect Employers - but Enforcement Placed on Hold

Nonprofit organizations are generally subject to the regulations of the Fair Labor Standards Act.
Article

Legacy Pension Plan ("Option A") To Be Merged into Retirement Plan

Action marks end of defined benefit plan.
News

IRS Moves Up Employer W-2 Filing Deadline

Starting in 2017, the Internal Revenue Service will require employers to file their copies of Form W-2 by January 31.

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