In-Service Distributions with Loans Taking out money while you have a loan balance If you request an in-service distribution and have an outstanding loan balance, you must leave a minimum of $500 in your account. For example, if you have a balance of $2,000, and you...
How do we qualify for tax-exempt status? Understanding tax-exempt status Many churches seek recognition of tax-exempt status from the IRS because this recognition assures contributors that the church is recognized as exempt.”The IRS explains the requirements: “To...
How do we qualify for tax-exempt status? Understanding tax-exempt status Churches that meet the requirements of IRC Section 501(c)(3) are automatically considered tax exempt and are not required to obtain recognition of tax-exempt status. Many churches seek...
How do I add employees to our retirement plan? How do I add employees to our retirement plan? You can add employees to your retirement plan with 3 easy...
