DALLAS (BP)—GuideStone has released the 2020 Ministers’ Tax Guide for 2019 Returns.
The tax guide includes tax highlights for 2019 including changes based on the Tax Cuts and Jobs Act of 2017 and the current status of minister’s housing allowance after the recent 2019 litigation, along with step-by-step filing instructions for minister’s personal taxes and comprehensive examples and sample forms.
Additionally, GuideStone participant churches and church administrators have access to the annual Federal Reporting Requirements for Churches. This publication is included in the full tax guide or as a separate electronic copy.
The guide can be downloaded online here.
A limited number of free printed copies of the tax guide are available to GuideStone participants by calling (888) 98-GUIDE (888-984-8433).
The guide was written by Richard Hammar, a noted CPA, attorney and widely published author who specializes in legal and tax issues for ministers. Additionally, the material is edited by GuideStone to ensure it addresses, in detail, the tax issues directly affecting Southern Baptist ministers.
“It is a deep privilege each year to provide this annual tax guide for our participants and their preparers,” GuideStone President O.S. Hawkins said.
“Each year, we hear from so many who are thankful for the guide and how much it helps them. This free guide is part of our ministry to the messenger of the gospel and is a concrete way in which we live out our vision of honoring the Lord by being a lifelong partner with our participants in enhancing their financial security.”