Dates to Know
October 1 – August Financial Reports will be due for US Missionaries.
October 1 – September Financial Reports will be due for Non-Resident Missionaries.
October 12 – Most US Banks will be closed for Columbus Day.
November 1 – September Financial Reports will be due for US Missionaries.
November 1 – October Financial Reports will be due for Non-Resident Missionaries.
November 11 – Most US Banks will be closed for Veterans Day.
November 20 – Please contact us by this date via Signal if you will need funds in your account before Thanksgiving.
November 26-27 – The Office will be closed in celebration of Thanksgiving.
December 1 – October Financial Reports will be due for US Missionaries.
December 1 – November Financial Reports will be due for Non-Resident Missionaries.
December 13 – All prayer letters mailed through prayerletters.com should be submitted to our staff in order for your recipients to get them before Christmas.
December 17 – Please contact us by this date via Signal if you will need funds in your account before Christmas or the end of the year.
December 20 – All prayer letters submitted solely through MailChimp should be submitted to our staff in order for your recipients to get them by the end of the year.
December 21-25 – The office will be closed in celebration of Christmas.
January 1 – November Financial Reports will be due for US Missionaries.
January 1 – December Financial Reports will be due for Non-Resident Missionaries.
January 8 – Missionaries will receive their statements of December Support Received.
January 13 – All missionaries will receive their final December support on this day, regardless of the day they normally receive support.
January 15 – December Financial Reports will be due for US Missionaries, along with any remaining receipts or financial paperwork for 2020.
February 1 – 1099 Forms and other tax documentation for the 2020 tax year will be available.
We have recently learned that US individuals who fail to sign up with the Social Security Administration for Medicare benefits at least three months prior to their 65th birthday may owe a monthly late penalty for the rest of their years while they are on Medicare. If you are nearing your 65th birthday, we recommend that you click here to learn more. We are not sure how Medicare benefits affect individuals overseas. However, if you are in the US, you may wish to look into supplemental insurance coverage to help with medical needs not covered by Medicare. If you do not already have a company or agent for insurance, please let us know and we can send you contact information for companies who may be able to assist you.
Financial Report Reminder
As we enter the last quarter of the year, thoughts turn to year-end tax procedures. Many people begin thinking of last-minute deductions that will affect them. For our US Missionaries, if you anticipate making large ministry purchases and you desire the purchase to be a deduction in the year 2020, you may wish to make the purchase by the end of November. Because of the way our 1099s are calculated, December expenses are “reimbursed” out of January income, so the tax benefit on your 1099 would actually be considered a 2021 reimbursement. Regardless of when the purchase is made, you will still receive a tax benefit. However, we wanted you to be aware of these deadlines as you plan your expenses over the next few months.
Please keep in mind the due dates for financial reports. With the holidays approaching it is easy to let these slip past, but our CPA has encouraged us we need to keep to the due dates, per IRS regulations. The best situation is for you to report all ministry expenses through WW, thus providing the fullest tax benefit. If you do not submit an MFR on time, you can still submit it on your personal taxes on a Schedule C. If you are not currently submitting financial reports we suggest you consider this option. If you have questions about this, please contact Naomi Torberson.
Celebrating 50 Years
In 1971, God brought to fulfillment the dream He had planted in Bill Wingard’s heart to start a missions agency. That same year, Calvary Baptist Church of New Bern hosted the first annual Family Fellowship Week. The Lord willing, June 21-24, 2021, New Testament Baptist Church of Kinston will co-host the 50th Family Fellowship Week, along with Calvary of New Bern. The week will celebrate the completion, rather than the beginning, of our 50th year of service. Mark your calendars and make plans now to attend!
The following recordings were recently published on uplift.wwntbm.com. You may access the site by entering the username: wwntbm and the password: gospel. These recordings for our missions family contain the Uplift calls in their entirety, including prayer requests and challenges to our missionaries. We hope they will encourage your heart.
Hard Days, Hurting Days, Humble Days by Jeremy Kobernat
Christ’s Righteousness by Josh Wagar
Deputation Email Using MailChimp by Kevin Taylor
God Provides by Matthew Rose
Christ is All I Need by James Grandinetti
Meekness by Jonathan Earnhart
A Chance to Reassess by Ken Sparks
Bible Translation by Steve Zeinner
Being Real on Deputation by Jacob McKinney
Success or Failure? by Ghassan Haddad
Where is Your Focus? by Daniel Fetter