Rhonda W. Smith

Business Office Administrator, Bishop's Secretary &      Accounting Director

Accounts Receivable/Secretary

MONTHLY REPORT GUIDELINES

Monthly Church and Minister Reports are due in the conference office by the 10th of each month.

The percentage for churches for the 2008 Calendar Year is 11%. This was approved at Quadrennial Conference in June 2006.

 Minister's percentage is 10%

Do individuals have to report income less than $600 if they do not receive a 1099?

Yes, please check out this link from the

IRS website.

Are churches required to send a 1099-Misc if they paid less than $600 to an individual for services?

Yes, if they do not get a W-9 Form filled out and put on file with their organization's permanent records. They are required to withhold a flat fee of 28%. So when they are required to withhold taxes, they must report the amount withheld on a form to the IRS.

See W-9 instructions.

No, if they get a W-9 form filled out they do not have to withhold taxes, therefore  if the amount is less than $600 they are not required to send a 1099-Misc, but individuals are still required to report their income when filing/reporting their annual income/taxes to the IRS.

This information was obtained directly from the IRS website, please read over the information on the links above carefully.