Other Services
Under current IRS special rules, ministers should be saving more money on their taxes than anyone else, however, this is often not the case. The rules and applications that lead to tax exemptions can be incredibly confusing, but the attorneys at Winters & King are here to assist you. With our help, you will have peace of mind knowing that you are receiving every legal tax benefit allowed to you.
Sales and Use Tax Exemption
Many pastors and churches are unaware that over 25 states across the country allow churches and ministries to apply for Sales and Use Tax exemption. The small application fee is quickly overshadowed by the potentially large amount of money that your church is able to save year after year on taxes. By obtaining this exemption, you are essentially increasing the budget for your church. The experienced attorneys at Winters & King, INC. are here to walk you through the entire process and ensure that you are able to retain the maximum amount of money for your church as possible.
Most church leaders confuse their 501(c)(3) and tax Id number for Sales and Use Tax exemption. Unfortunately, this exemption requires a unique application using the state’s application process. We know this can be a very complicated and confusing process to maneuver on your own, which is why we have included it as one of the services we offer. We are dedicated to assisting you in becoming the best steward of the finances that God has entrusted you.
Housing Allowance
We also assist in obtaining a Housing Allowance Tax for the pastors of your church. This is one of the best tax saving benefits that exist for pastors, yet many churches have never heard of it. By having a housing allowance set up by the church, a minister will be able to save thousands of dollars each year in taxes.
Self-Employment Tax Exemption
Thousands of ministers across the country are completely unaware of the benefits of applying for their self-employment tax exemption. Even well-intentioned CPAs or tax attorneys often misinform ministers that by opting out of social security they will lose their social security benefits upon retirement. This is simply not true. Our attorneys can help you save money through SE tax exemption, and ensure that you receive the same social security benefits after you retire.
Church Owned Businesses Furthering the Gospel
One area most churches struggle with is keeping up with business responsibilities. We understand the importance of developing a business mindset in order to further the gospel. We are experienced in helping churches generate real income through legitimate for-profit businesses that are owned by the church. If you are seeking guidance in this area, call us today.
Creating a CDC
We are also prepared to assist you in the creation of a CDC (Community Development Corporation). Hundreds of pastors through out the US have already capitalized on the benefit of starting a CDC for their community. A CDC is a separate organization from the church and is considered a nonreligious nonprofit. Because the sole purpose of a CDC is not to make disciples, which is the church’s duty, the CDC is able to apply for funds that the government has set aside to benefit the community. This empowers the church to have an even greater impact on their community and the people within it.
Experienced counsel for churches throughout America
We have represented thousands of churches and assisted pastors throughout the United States. Our biblically based principles guide every area of our practice and our clients appreciate and value our unique approach. Call us today at 918.494.6868 or contact us online to schedule a consultation regarding your legal issue. You can count on us, our values, and our professionalism and competence.