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2003 Ministers Tax Guide ready from Annuity Board

DALLAS (BP)–The Annuity Board’s annual Ministers Tax Guide for 2003 Returns is now available in print and online at www.absbc.org. Free printed copies are available by calling 1-800-262-0511.

The guide, which supplements IRS materials, focuses on tax issues most likely to affect active and retired Southern Baptist ministers. It provides a thorough, easy-to-follow guide for preparing ministers’ tax returns, including sample tax returns. A tax highlights section, meanwhile, gives a review of tax changes during 2003.

The guide also includes a special section about important federal requirements for churches as a resource for church treasurers and other church leaders.

“Many ministers and church leaders don’t understand the special tax rules that apply to clergy and the guide explains how those rules work,” said Curt Sharp of the Annuity Board executive staff. The guide also “details how churches can structure ministers’ pay to help them keep more of their income,” Sharp noted.

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