1. Baptists for Life of Wisconsin: August 2014 Summit Presenter: Corey A. Pfaffe, CPA, PhD

2. Charitable Gifts Receipting contributions Quid Pro Quo IRS Pub. 1771

3. Tax-Exempt Organizations Form 1023-EZ Form 990, 990-EZ, 990-N Which one? It depends on annual receipts ≥ $200,000“990-EZ land”≤ $50,000

4. Regulatory “Hot Button” Issues Employees Do the following “ring a bell” in your mind? I-9, W-4, 941, W-2, WT-4, WI-BTR, WC Independent contractors (W-9, 1099) Benevolence vs. compensation “Responsible Party” “Agent”

5. Recordkeeping and Documentation Security Statute of limitations Keep permanently: minutes, Tax Determination Letter, CES #, articles of incorporation, EIN application … “Responsible Party”, annual reports, Forms 990

6. Let’s Talk a Little Bit About … #1 Not a substitute for accounting knowledge and experience … sound familiar? reconciliation, chart of accounts, fund accounting Budgeting

7. Affordable Care Act “Individual Shared Responsibility Payment” –2014: greater of 1% of your household income in excess of “filing threshold” OR $285 (for family of six) –By 2016: greater of 2.5% of your household income in excess of “filing threshold” OR $695 per person ($4,170 for family of six) Health Care Sharing Arrangements

8. For more information... IRS Publications 1771 – Charitable Contributions 1828 – Churches & Religious Org. IRS Publications 1771 – Charitable Contributions 1828 – Churches & Religious Org.