Helpful Links
IRS
Applicable Federal Rates (AFRs) from the Internal Revenue Service. These rates are used for a variety of technical calculations, including calculating the deductible portions of various planned giving tools.
This link will take you to the IRS main page for all of its forms and instructions.
This link will take you to the IRS main page for all of its publications designed to assist the taxpayer.
If you want gifts to your charitable organization to be tax-deductible, it requires applying to the IRS for recognition; however, churches are among the entities not required to apply for such status.
If you are going to tackle IRS Form 1023, you will want the instructions that go with it.
This IRS publication gives guidance on making and deducting charitable contributions.
What records are necessary regarding charitable contributions? This publication from the IRS offers some guidance.
IRS Article on Employment Taxes for Exempt Organizations. If your exempt organization hires employees or independent contractors, this IRS publication may give some guidance on proper handling of employment taxes.
Other
Current Charitable Gift Annuity Rates from the American Council on Charitable Gift Annuities. These are the rates adopted by most charitable organizations (including BSS) for payouts on charitable gift annuities.
IRS Web Pages on Tax Information for Churches and Religious Organizations. Churches and religious organizations face some questions peculiar to them. IRS Offers this portion of its web site to help with those questions. Included on that page is IRS Publication 1828, Tax Guide for Churches and Religious Organizations, which offers tax guidance targeted to such organizations.
