Most of the time, ATM fees are not claimable, as those are not inherently business expenses. Transfer fees are a similar situation. Here is when you would have an exception: 1. The fee is BOTH assessed to your business (ministry) account AN [...]
FBMI missionaries have often asked about claiming airfare expenses on the EOM Report. We would like to review when airfare is a reimbursable ministry expense and when it is not. When is an airline ticket claimable? • When it is an "ordinary [...]
In addition to providing FBMI missionaries with ministry accounts, First Financial Bank also offers other account options and resources to missionaries. One of these resources is the “Financial Education” page on their website. If desired, [...]
Thank you, dear friend, for your love for Jesus and your service for Him on the mission field! As Christmas approaches once again, many of you are beginning to work on a special Christmas prayer letter. Please plan to send in your letters n [...]
Thank you for your service for our Lord Jesus Christ. As many of you know, FBMI provides a Microsoft 365 email account for you through First Baptist Church. This account (firstname.lastname@fbmi.org) has been a great blessing and is versati [...]
During the end of the year, our processing dates are limited because of the need to allow for the Thanksgiving and Christmas holidays. Please note the following important dates: November 2025 Final Processing Date: November 20 Missionary Su [...]
As many of you are aware, a recent computer attack caused us to enter donations in multiple databases to ensure prompt, accurate payment of missionary support. Although we were able to produce payroll vouchers for those months, we have not [...]
Our missionaries and staff remember with love and appreciation our former director, Dr. Darrell Moore, who went home to be with Jesus. We are eternally grateful for his love, dedication, and leadership for God and for God’s choicest servan [...]
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 [...]