Friday Financial Tip #6

By |2024-03-29T13:23:26-05:00March 29th, 2024|Categories: FBMI Updates, Friday Financial Tip|Tags: |

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 [...]

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Friday Financial Tip #4: Love Offerings

By |2024-03-07T21:12:03-06:00March 8th, 2024|Categories: FBMI Updates, Friday Financial Tip|Tags: , |

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 [...]

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Friday Financial Tip

By |2024-03-01T09:21:50-06:00March 1st, 2024|Categories: Friday Financial Tip|Tags: , |

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 [...]

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General Announcement Concerning 2024 EOMs

By |2024-02-26T09:18:44-06:00February 26th, 2024|Categories: FBMI Updates, Resources|Tags: , , , |

We are so glad that FBMI is able to offer our EOM program to you. Called the Accountable Reimbursement Plan by the IRS, this program offers two major benefits to you as a missionary on the field serving with FBMI: • First, it enables you t [...]

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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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