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Updated Friday, Feb. 29, 2008

GuideStone releases tax guide

Baptist Press

DALLAS - Ministers can find help in preparing their 2007 federal income tax returns from GuideStone Financial Resource's annual Ministers Tax Guide.

The edition for 2007 taxes released by the Dallas-based Southern Baptist entity includes details of tax law changes and their effect on ministers.

"The informative free tax guide includes sample tax returns with step-by-step instructions for active and retired ministers, as well as a special pull-out section regarding the federal reporting requirements for churches," said O.S. Hawkins, GuideStone president. "Our goal as an organization is to be a lifelong partner with our participants in enhancing their financial security. The tax guide is a tangible example of that commitment."

An overview of the tax law changes was written by Richard Hammar, a noted CPA, attorney and widely published author who specializes in legal and tax issues for ministers. The guide is edited by GuideStone's legal and compliance staff to address the tax issues that affect the greatest number of Southern Baptist pastors.

The tax guide can be obtained in an electronic PDF format from www.GuideStone.org. Printed copies or a CD version also can be obtained by calling GuideStone customer service at (888) 98-GUIDE or (888) 984-8433 between 7 a.m. and 6 p.m. central time Monday-Friday.

 
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