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GuideStone releases pastor tax guide

The opinions expressed by columnists are their own and do not necessarily represent the views of
DALLAS (BP)--Ministers can find additional help in preparing their 2010 federal income tax returns with the annual Tax Return Preparation and Federal Reporting Guide from GuideStone Financial Resources of the Southern Baptist Convention.

The 2011 guide details recent changes to tax laws and their effect on ministers. The guide includes important tax law changes signed into law by President Obama in December.

The guide was written once again by Richard Hammar, a CPA, attorney and author who specializes in legal and tax issues for ministers. The guide is edited by GuideStone's compliance staff to address the tax issues that affect the greatest number of Southern Baptist pastors.

"The informative free tax guide includes sample tax returns with step-by-step instructions for active and retired ministers, as well as a special pull-out section regarding the federal reporting requirements for churches," said O.S. Hawkins, GuideStone president. "Each year, thousands of ministers and their tax preparers rely on the helpful information in this guide to navigate the unique tax status of ministers of the Gospel."

The tax guide can be read in PDF format from the GuideStone website, GuideStone participants can order a free printed copy by calling 1-888-98-GUIDE (1-888-984-8433) between 7 a.m. and 6 p.m. CST Monday-Friday.

Roy Hayhurst is manager of editorial services for GuideStone Financial Resources of the Southern Baptist Convention.

Copyright (c) 2011 Southern Baptist Convention, Baptist Press

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