The Accountable Reimbursement Plan that FBMI uses is a helpful way to protect missionaries from paying personal income taxes on money that was spent for ministry. Because of a missionary’s employee status with FBMI, he is able to report bac [...]
Money given to you personally is a gift and, therefore, not subject to income tax. You can receive up to $18,000 in gifts from an individual in a given year without being responsible for personal income tax on that money. If a person gives [...]
Be sure to use your debit card regularly so it doesn’t become inactive or dormant. If you and your spouse each have a debit card, you should ensure that both cards are activated. You should also use each card regularly, if possible. Using b [...]
"Be sober, be vigilant; because your adversary the devil, as a roaring lion, walketh about, seeking whom he may devour." (I Peter 5:8) When posting pictures from the internet, be sure that the photo is not copyrighted. FBMI was recently co [...]
Whether it's an AI deep-fake video, a phishing email, or a messenger on horseback with a sealed letter, scammers throughout history share these universal red flags: • Urgency: Creating artificial time pressure to force hasty decisions witho [...]
Your Field Service Coordinator is here to help! Our Field Services Team is eager to help missionaries with any questions. Under the leadership of Dr. Siemer, our Field Services Director, the Field Service Coordinators (FSCs) serve missionar [...]
The following resource video, produced by First Financial Bank, is meant to help you be aware of and avoid many of the most common deceitful practices in attempted identity theft. “Your identity is your most important asset, and protecting [...]
Leadership from the First Financial Bank visited the FBMI office recently to ask how they could better serve our missionaries. In addition to looking for ways to excel at customer service and work to provide education and security, they als [...]
Don’t Assume! “Ninety-nine percent of problems in the ministry are communication problems.” Without proper communication, assumptions thrive. Making an assumption may be easier than asking a question, but many assumptions are wrong and lead [...]
What Happens When I Get Money Directly into My FBMI Account? Recently, I have had discussions with a couple of missionaries in regards to getting money from third-party money apps directly into their FBMI work-fund accounts. In both cases, [...]