End of Year Tax Statements

Discuss where to obtain or how to fill out specific reports or forms.
jimbloodsworth
New Member
Posts: 2
Joined: Wed Jan 22, 2020 9:39 pm

End of Year Tax Statements

Postby jimbloodsworth » Wed Jan 22, 2020 9:46 pm

How soon will the EOY Tax Statements for 2019 be available? I'm still only able to generate donor tax statements for 2018 and 2017, but not 2019. They are supposed to all be done by end of this month.

russellhltn
Community Administrator
Posts: 31115
Joined: Sat Jan 20, 2007 2:53 pm
Location: U.S.

Re: End of Year Tax Statements

Postby russellhltn » Wed Jan 22, 2020 9:48 pm

jimbloodsworth wrote:How soon will the EOY Tax Statements for 2019 be available? I'm still only able to generate donor tax statements for 2018 and 2017, but not 2019. They are supposed to all be done by end of this month.
No date has been announced, but they will appear before the end of the month. I'd imagine it will be before Sunday since it will be the last Sunday in January.
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.

jimbloodsworth
New Member
Posts: 2
Joined: Wed Jan 22, 2020 9:39 pm

Re: End of Year Tax Statements

Postby jimbloodsworth » Wed Jan 22, 2020 10:04 pm

Okay, I'll increase my patience quotient. (I'm new at this).
Thanks,
Jim

davesudweeks
Senior Member
Posts: 2167
Joined: Sun May 09, 2010 9:16 pm
Location: Oklahoma, USA

Re: End of Year Tax Statements

Postby davesudweeks » Thu Jan 23, 2020 11:59 am

I turned off making my ward print my statement for me. However, I just checked and still cannot generate my 2019 statement yet. I'm not concerned as I'm not quite ready to dive into my taxes yet. Patience is still advised.

I believe US Tax law requires the statements to be available by the last day of January, even though many entities provide it before then (my military retirement statement was available on New Year's Day). As there can be 1-2 weeks into the year for donations to hit for the prior year (example: mailed and postmarked at the end of the year and received by the Bishop after the first Sunday, he brings it to the church the second Sunday to make the deposit as a "last year" donation). We should not expect them until AFTER the 2nd or 3rd week of the month (in my opinion).

davesudweeks
Senior Member
Posts: 2167
Joined: Sun May 09, 2010 9:16 pm
Location: Oklahoma, USA

Re: End of Year Tax Statements

Postby davesudweeks » Thu Jan 23, 2020 12:01 pm

jimbloodsworth wrote:They are supposed to all be done by end of this month.
When I was clerk, we would put them all in envelopes and hand out as many as we could on the Sundays after they were available. Then, after the last Sunday of the month, we would address the envelopes and mail them. As long as they are postmarked by 1/31, you are meeting the letter of the law (as I understand - I am NOT a tax law expert).

lajackson
Community Moderators
Posts: 10298
Joined: Mon Mar 17, 2008 10:27 pm
Location: US

Re: End of Year Tax Statements

Postby lajackson » Thu Jan 23, 2020 4:48 pm

davesudweeks wrote:
jimbloodsworth wrote:They are supposed to all be done by end of this month.
When I was clerk, we would put them all in envelopes and hand out as many as we could on the Sundays after they were available. Then, after the last Sunday of the month, we would address the envelopes and mail them. As long as they are postmarked by 1/31, you are meeting the letter of the law (as I understand - I am NOT a tax law expert).
Non-profit organizations such as the Church have different rules than most other businesses. Do your best to get them distributed by the end of January (assuming they are available).

In a wonderful catch-22 situation under U.S. IRS rules, the donor must have the statement before they submit their tax return in order to claim a deduction. But the charitable organization is not required by law to provide it. Obviously, if charitable institutions didn't use their best efforts to distribute the statements in a timely manner, there would be a lot of unhappy donors.

And so the Church asks that we distribute as many as we can by the end of January and that we retain any we cannot distribute for at least one year in case the donor requests the statement.

lajackson
Community Moderators
Posts: 10298
Joined: Mon Mar 17, 2008 10:27 pm
Location: US

Re: End of Year Tax Statements

Postby lajackson » Fri Jan 24, 2020 1:33 pm

lajackson wrote:(assuming they are available)
I received an email today that my statement is available, and indeed it is.

drepouille
Senior Member
Posts: 2750
Joined: Sun Jul 01, 2007 6:06 pm
Location: Plattsmouth, NE

Re: End of Year Tax Statements

Postby drepouille » Fri Jan 24, 2020 2:50 pm

Hooray! I just printed 67 pages of official statements for the members of my ward who have not opted out of printed statements. Now it's time to fold them and stuff envelopes. On Sunday, my assistant and I will be running around the chapel trying to match names with faces.
Dana Repouille, Plattsmouth, Nebraska

jpjones~ogr
Member
Posts: 70
Joined: Sun Jul 13, 2008 8:21 pm
Location: Brigham City, UT, USA

Re: End of Year Tax Statements

Postby jpjones~ogr » Tue Jan 19, 2021 11:31 am

This is mostly a commentary with some hope of value for newer clerks, or maybe finance system reviews.

For 2018 and 2019 tax years my experience was that official tax statements were finally available on or after the last Sunday in January. If on the last Sunday it was after our meeting block. This left me rushing to mail all statements so they were at least postmarked before February 1. Unfortunately I expect another last minute delivery this year.

My assistant clerks used to have a little fun distributing statements for a couple Sundays each year. Then we'd only have to mail maybe 10. Mailing a hundred is tough, and it removes $50+ from an already trim budget.

Considering lajackson's insights above, maybe finance folks at HQ could rewrite the related web page instruction/information so clerks who tend see January 31 as an absolute deadline can knock their stress levels down a bit (including me). I've been ignoring the word "should" partly because of my history. I didn't even wonder if nonprofits might have a larger grace period. Professionally I'm used to complying with strict state and federal rules impacting private business.

It would still be nice to have access to official statements much earlier in January. It seems odd that current technology doesn't seem to be able to do so.

I appreciate ongoing access to these forums. They help me support local leaders and ward family. Today my self inflicted stress is a little better managed.

davesudweeks
Senior Member
Posts: 2167
Joined: Sun May 09, 2010 9:16 pm
Location: Oklahoma, USA

Re: End of Year Tax Statements

Postby davesudweeks » Tue Jan 19, 2021 11:45 am

And members can (in the USA, anyway) go in to the online donation site and set the statement so the clerk won't have to print it. That is what I have done so it is one less thing for our current clerk to do. Members can go into the donation site and pull down a digital copy of the form on demand once it is issued, which makes it easier if they are trying to keep their documentation electronic. I think I received an email last year when my tax-valid donation statement was ready (but I have slept since then so my memory from a year ago may not be accurate).

I would always recommend to our ward members that they consider turning off the printout, but would never pressure anyone who still liked to receive a paper copy (their reasons were none of my business).


Return to “Reports and Forms”

Who is online

Users browsing this forum: No registered users