Get Federal Reporting Requirements For Churches Form - Lss-elca

This guide provides step-by-step instructions on how to fill out the Federal Reporting Requirements For Churches Form - Lss-elca online. Understanding each component of the form is vital for compliance with federal tax obligations and ensuring proper reporting for your church.

Follow the steps to fill out the form accurately and effectively.

1. Press the ‘Get Form’ button to access the Federal Reporting Requirements For Churches Form - Lss-elca and open it in your online document editor.
2. Begin by entering your church's name in the designated field, ensuring it matches your official records.
3. Fill in the church's Employer Identification Number (EIN). If your church has not applied for an EIN, you must obtain one through the IRS before proceeding.
4. Complete the sections regarding employee classifications, distinguishing between employees and self-employed workers as applicable.
5. Ensure you have collected Social Security numbers from each worker as required, entering them accurately in the respective fields.
6. Have each employee, including ministers, complete their Form W-4 if applicable, noting any withholding allowances.
7. Calculate each employee’s taxable wages, ensuring to include all forms of compensation provided to employees.
8. Determine the Federal income tax withholding amount for each employee, using either the wage bracket or percentage method outlined in IRS guidelines.
9. Withhold Social Security and Medicare taxes from wages as applicable, paying attention to the appropriate rate.
10. Deposit the withheld taxes at the required intervals based on your church's payroll tax reporting status.
11. Prepare and distribute Form W-2 for all employees by the required deadlines, ensuring accuracy in all reported figures.
12. For any self-employed individuals receiving $600 or more, issue Form 1099-MISC to comply with IRS requirements.
13. After completing all sections, you may choose to save changes, download, print, or share the filled form as necessary.

Complete your documentation online to ensure compliance with federal reporting requirements for churches.