According to the IRS, “Per diem is an allowance paid to your employees for lodging, meals, and incidental expenses incurred when traveling. This allowance is in lieu of paying their actual travel expenses.” This explains why missionaries a [...]
Dear Friend, We are pleased to be able to partner with the Benefits Office of First Baptist Church to provide a Medical Sharing Ministry option to you. For those of you who are participants in this plan, we wanted to let you know about an u [...]
Whenever you give tithes or offerings to a registered non-profit, you should receive a contribution statement at the end of the calendar year. This statement should then be used to claim your charitable donations when filing your taxes. If [...]
The U.S. Postal Service (USPS) is implementing a price increase for mailing services. Starting July 14, 2024, the new rates will take effect. The price of a first-class mail Forever stamp will increase by 5 cents, from 68 cents to 73 cents. [...]
If you are planning to participate in this year’s Missions University and/or this year’s Missions Marriage Retreat, we encourage you to register as early as possible at www.fbmi.org/events. Hope to see you there! [...]
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 [...]
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