Accountable Plans

By |2023-12-22T10:43:20-06:00December 22nd, 2023|Categories: FBMI Updates, Missionary Resources|Tags: , |

FBMI uses an Accountable Reimbursement Plan to allow missionaries to avoid paying extra taxes on ministry expenses. Here is some information from the IRS about this type of plan: Accountable Plans To be an accountable plan, your employer's [...]

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Reimbursable Ministry Expenses

By |2024-02-08T11:15:18-06:00December 22nd, 2023|Categories: FBMI Updates, Missionary Resources|Tags: , , , |

Reimbursable Ministry Expenses for FBMI Missionaries Some of these items have specific, associated guidelines and limitations defined by the IRS. This list does not intend to be definitive, but rather a general overview to help the FBMI off [...]

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