The chairman of deacons served as church leader in the absence of a pastor. At the end of his service, the church voted to give him a financial gift of $3000 in appreciation of his service. Is this taxable income for the deacon?
Answer
Yes...because it was for a service preformed, so it wouldn’t really qualify for a non-taxable love offering. You should have a W-9 on file for him and will need to send him a 1099 at the appropriate time.
Hope this helps,
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