Due to IRS regulations concerning the time frame for which receipts are valid, it is imperative that your EOM forms and receipts be turned in to our office by the 25th of the following month. As your friends, may we strongly suggest that yo [...]
When completing your taxes, you should not give your accountant any of your EOM forms. These are handled completely in-house. Your accountant would probably not understand them, and we are not able to take the time to explain them. You shou [...]
Please be careful about asking for donations for the physical needs of people in your ministry. Every church has needs, including those churches who support you. Every pastor knows hurting and needy people, including those pastors who suppo [...]
When submitting ministry expenses that use a foreign currency, missionaries should always convert the amount in foreign currency into the equivalent amount in U.S. dollars. Missionaries should use the standard conversion rate for that day, [...]
The FBMI office is happy to be able to provide the Bill-Pay Form to serve missionaries. This form allows a missionary to request help with transactions such as giving directly to other missionaries, paying for printed materials, other mini [...]
The number you put in Box E in no way decides how much you can or do spend on your family’s needs. This is simply the minimum amount that must be taxed as personal salary each month. Due to inflation, for the first time in many years, FBMI [...]
For those missionaries on deputation, on furlough, or based Stateside: If you receive a love offering of $600.00 or more, the church may ask you to complete a W-9. You do not need to complete a W-9 for gifts under $600.00. If the church doe [...]
Mrs. Eason has now been faithfully serving our FBMI missionaries for over 19 years. In 2023, she processed 30,799 checks, with a total of 67,607 line items. She accomplished this with an error rate of less than 0.35%. As a way of compariso [...]