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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