While taxes may be one of the few certainties in life, the same can’t be said of tax laws — they can, and often do, change. And these changes could affect how you report income and expenses in a number of ways. By keeping informed and up to date on these changes, you could potentially save big on your tax return.

In 2011, tax law was under discussion and subject to change late into the year. The 2011 Tax Tips Webcast for Ministers and Churches, presented by the Board of Pensions, includes the most up-to-date information from last year. This e-learning module will be available on Pensions.org by January 13, 2012. It will be prerecorded, so you can access it 24/7 and easily go back to review and focus on topics of interest. No registration is necessary to view it. 

The Tax Tips Webcast is designed to help active and retired ministers and churches understand what’s new for the 2011 tax year. The Board’s education specialists, Steven Fleming and Rod Sewell, will provide advice from tax expert Richard R. Hammar, J.D., LL.M., CPA. Steven and Rod will discuss topics such as:

• recent tax law changes that affect ministers and churches
• the expenses that are deductible and those that are not
• common clergy housing allowance issues

To access the webcast once it is available, visit the online Tax Resource Center for members, treasurers and administrators, and mid-councils on Pensions.org, and refer to the Tax Tips Webcast for Ministers and Churches section. Also, check on the website later this month for the Tax Guide for Ministers and the Federal Reporting Requirements for Churches for the 2011 tax year, which will include end-of-2011 tax code changes.  

Stay informed on how tax law changes may affect you … mark your calendar now for the 2011 Tax Tips Webcast for Ministers and Churches!