donations received after years end- count in prior year

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
User avatar
showseason
Member
Posts: 148
Joined: Sat Feb 26, 2011 9:56 pm
Location: Oregon

donations received after years end- count in prior year

Postby showseason » Sat Jan 05, 2019 1:37 pm

I hear there is a method to count donations submitted in 2018 but not received until 2019 but credited to 2018. Can someone direct me to that on-line location please?

scgallafent
Church Employee
Church Employee
Posts: 1997
Joined: Mon Feb 09, 2009 4:55 pm
Location: Riverton, Utah

Re: donations received after years end- count in prior year

Postby scgallafent » Sat Jan 05, 2019 1:54 pm

You can find instructions at https://www.lds.org/help/support/prior-year-donations.

The donation must have been physically handed to a bishopric member or postmarked on or before December 31. A member cannot hand a bishopric member a donation on January 1 and ask that it be applied to the prior year, even if they wrote the check in 2018. The only legal way for a donation to be "submitted in 2018 but not received until 2019" is for the member to have mailed it to the bishop on or before December 31, 2018, with a 2018 postmark.

russellhltn
Community Administrator
Posts: 26047
Joined: Sat Jan 20, 2007 2:53 pm
Location: U.S.

Re: donations received after years end- count in prior year

Postby russellhltn » Sat Jan 05, 2019 2:23 pm

Keep in mind we're talking tax law here, not church policy. The church (and it's leaders) lack authority to declare any donation as part of the prior year if it didn't meet the legal criteria.

Edit: I should add that the strict tax laws for getting a payment credited to the prior year does not affect one's status of as full tithe payer.
Have you searched the Help Center? Try doing a Google search and adding "site:churchofjesuschrist.org/help" to the search criteria.

So we can better help you, please edit your Profile to include your general location.


Return to “Local Unit Finance”

Who is online

Users browsing this forum: No registered users and 0 guests