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Housing Allowances

Posted: Tue Jan 12, 2010 10:03 am
by fbcacctg
Hi,
Regarding housing allowances.....should these be paid and reported through payroll? Currently, our monthly housing allowances to our pastors are paid separately through the Accounts Payable module...nothing in payroll. I was just wondering if housing allowances should be paid via payroll.
Thanks.

Re: Housing Allowances

Posted: Tue Jan 12, 2010 10:40 am
by NeilZ
fbcacctg wrote:Hi,
Regarding housing allowances.....should these be paid and reported through payroll? Currently, our monthly housing allowances to our pastors are paid separately through the Accounts Payable module...nothing in payroll. I was just wondering if housing allowances should be paid via payroll.
Thanks.
They can, and should as it can then be reported to the IRS via the W-2 without having to modify the W-2 by typing in this information.