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Preparing a W-2 for Pastors

Preparing a W-2 for Pastors. Enter Pastor’s Social Security #. 123-45-6789. Enter Employer’s E.I.N. #. 123-45-6789. 51-1111111. Enter Employer’s Name and Address. 123-45-6789. 51-1111111. Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901.

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Preparing a W-2 for Pastors

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  1. Preparing a W-2 for Pastors

  2. Enter Pastor’s Social Security # 123-45-6789

  3. Enter Employer’s E.I.N. # 123-45-6789 51-1111111

  4. Enter Employer’s Name and Address 123-45-6789 51-1111111 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

  5. Control Number is optional 123-45-6789 51-1111111 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional)

  6. Enter Pastor’s Name and Address 123-45-6789 51-1111111 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) Joseph M. Porter 13 Wesley Road Asbury, DE 19900

  7. How to calculate Box 1 123-45-6789 51-1111111 ????????? Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) Joseph M. Porter 13 Wesley Road Asbury, DE 19900

  8. SAMPLE ONLY • Begin with Total Comp= • Subtract “Before-Tax” Pension= $1,200 • Subtract “Furn Allow”= $2,000 • Subtract “Pastor Contribution to Health Insurance= $1,212 (see health/dental coupon) • Subtract Pastor’s HSA $2,500 Contribution or FSA Contributions (Health and Dependent) and FSA Adm (see health/dental coupon) • Add Excess Life Premium $72 • Total Taxable= $33,570 $40,410

  9. Enter Pastor’s Taxable Compensation 123-45-6789 51-1111111 33,570 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) Joseph M. Porter 13 Wesley Road Asbury, DE 19900

  10. Enter any Federal Tax withheld per Pastor’s W-4, or Blank if no w/h 123-45-6789 51-1111111 33570 4232 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) Joseph M. Porter 13 Wesley Road Asbury, DE 19900

  11. For Pastors, Boxes 3,4,5,6 Leave BlankBoxes 7-9 and 11 normally not applicable 123-45-6789 4232 51-1111111 33570 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) Joseph M. Porter 13 Wesley Road Asbury, DE 19900

  12. Complete Box 10 only if Pastor chose FSA Dependent Care(for parents with children under 13-see health/dental coupon) 123-45-6789 51-1111111 33570 4232 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) Joseph M. Porter 13 Wesley Road Asbury, DE 19900

  13. Box 12 – Codes C, E, W (Other codes, if applicable, are located on back of W-2) 123-45-6789 51-1111111 33570 4232 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) Joseph M. Porter 13 Wesley Road Asbury, DE 19900

  14. Begin with Total Comp= $40,410 • Subtract “Before-Tax” Pension= $1,200 • Subtract “Furn Allow”= $2,000 • Subtract “Pastor Contribution to Health Insurance= $1212 (see health/dental coupon) • Subtract Pastor’s HSA $2,500 Contribution or FSA Contributions (Health and Dependent) and FSA Adm (see health/dental coupon) • Add Excess Life Premium $72 • Total Taxable Income= $33,570 CODE “C”

  15. Box 12 – Codes C, E, W 123-45-6789 51-1111111 33570 4232 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) C 72 Joseph M. Porter 13 Wesley Road Asbury, DE 19900

  16. Begin with Total Comp= $40,410 • Subtract “Before-Tax” Pension= $1200 • Subtract “Furn Allow”= $2,000 • Subtract “Pastor Contribution to Health Insurance= $1212 (see health/dental coupon) • Subtract Pastor’s HSA $2500 Contribution or FSA • Contributions (Health and Dependent) and FSA Adm • (see health/dental coupon) • Add Excess Life Premium $72 • Total Taxable Income= $33,570 CODE “E”

  17. Box 12 – Codes C, E, W 123-45-6789 4232 51-1111111 33570 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) C 72 Joseph M. Porter 13 Wesley Road Asbury, DE 19900 E 1200

  18. Important Note Box 12 W is for persons in HSA only: The amount includes pastor’s contribution (i.e. $2,500) plus employer’s contribution. In December, a letter will be mailed to the pastor providing the amount of the Employer’s Contribution. (Treasurers should ask Pastor for the letter) • Begin with Total Comp= $40,410 • Subtract “Before-Tax” Pension= $1200 • Subtract “Furn Allow”= $2,000 • Subtract “Pastor Contribution to Health Insurance= $1212 (see health/dental coupon) • Subtract Pastor’s HSA $2,500 Contribution or FSA • Contributions (Health and Dependent) and FSA Adm • (see health/dental coupon) • Add Excess Life Premium $72 • Total Taxable Income= $33,570

  19. Box 12 – Codes C, E, W 123-45-6789 51-1111111 33570 4232 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) C 72 Joseph M. Porter 13 Wesley Road Asbury, DE 19900 E 1200 W 4900

  20. Mark Box 13 if participating in CRSP (Pastor’s pension plan) 123-45-6789 51-1111111 33570 4232 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) C 72 Joseph M. Porter 13 Wesley Road Asbury, DE 19900 E 1200 X W 4900

  21. Box 14 is optional – Information Box Only 123-45-6789 51-1111111 33570 4232 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) C 72 Joseph M. Porter 13 Wesley Road Asbury, DE 19900 E 1200 X W 4900

  22. Box 15 – State and ID# where salary earned (ID# is located on State Transmittal Form) 123-45-6789 51-1111111 33570 4232 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) C 72 Joseph M. Porter 13 Wesley Road Asbury, DE 19900 E 1200 X W 4900 DE 1-5111111-001

  23. Box 16 – Normally the same as Box 1 123-45-6789 51-1111111 33570 4232 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) C 72 Joseph M. Porter 13 Wesley Road Asbury, DE 19900 E 1200 X W 4900 DE 1-5111111-001 33570

  24. Box 17 – State Tax W/H per Pastor’s Request 123-45-6789 51-1111111 33570 4232 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) C 72 Joseph M. Porter 13 Wesley Road Asbury, DE 19900 E 1200 X W 4900 DE 1-51111111-001 33570 250

  25. Box 18, 19, 20 – Complete if Pastor requested local taxes W/H 123-45-6789 51-1111111 33570 4232 Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901 (optional) C 72 Joseph M. Porter 13 Wesley Road Asbury, DE 19900 E 1200 X W 4900 DE 1-5111111-001 33570 250

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