Dates to Know
January 1 – November Financial Reports will be due for US Missionaries.
January 1 – December Financial Reports will be due for Non-Resident Missionaries.
January 4-5 – The Office will be closed for staff training.
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.
January 20 – Please check your Tax Info Status Report on SecureCloud and contact us by January 20 if any details need to be changed concerning how we will handle your tax paperwork.
February 1 – 1099 Forms and other tax documentation for the 2020 tax year will be available.
February 1 – January Financial Reports will be due for Non-Resident Missionaries.
February 15 – The new 2021 MFR Template for US Missionaries will be available.
March 1 – January Financial Reports will be due for US Missionaries.
March 1 – February Financial Reports will be due for Non-Resident Missionaries.
June 21-24 – Family Fellowship Week in Kinston, NC.
At the end of each month, we scan any mail that has come to the Office and place it in your SecureCloud folder. This would include check stubs for all bills paid by the office, as well as any cards or correspondence from donors. Please be sure to check SecureCloud periodically, especially once you receive the notice that December packets have been uploaded, as many missionaries have received Christmas cards and letters which are available to you there.
January Income Totals
During a typical month, we close the books on the 25th, and any checks received after that date are posted to the following month. Due to receipting requirements, we cannot do this in the month of December. As a result, please be aware that your December support total may be higher than normal, while your January support total may be lower than normal. Please be sure to plan ahead for this!
Housing Allowances for 2021
Housing allowances previously in place have automatically rolled over to the new year. Missionaries who are ordained are eligible to have a housing allowance in place, which can provide certain tax benefits. If you did not have a housing allowance in 2020 and would like to have one for 2021, or if you have questions regarding this, please contact our office.
New Excel Template for US Missionaries
A new Excel template for the year 2021 will be available on February 15. This will give us time to review the need for any possible updates. January financial reports will be due on March 1. Should you wish to complete your January report before the new template is available, you are welcome to submit it on the 2020 template.
New Mileage Rate
Beginning on January 1st, the IRS mileage rate has decreased to $0.560 per mile for business/ministry miles. This change will be reflected in the new Excel template for 2021.
New Tax Form This Year for US Missionaries
The IRS has created a new type of 1099 Form. In the past, World Wide issued a Form 1099-MISC. This year, we will issue Form 1099-NEC. This stands for Non-Employment Compensation. It is our understanding that this should not affect the manner in which you file your taxes. It will only affect the form that you receive from us. Your tax preparer can assist you if you have questions in this area. Tax forms will be available on SecureCloud by February 1, 2021, and the originals will also be mailed on that day.
Congratulations to Stephen and Julie Knickerbocker on the birth of Korben Asher. He was born on December 7. He weighed 8 pounds 7 ounces and was 18 inches long. Korben joins older sisters Alina (4) and Kezia (2). Please pray for the Knickerbockers and their ministry in Burkina Faso.
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.
Be A Light by Ted Daub
Why Paul Refused to Quit by Mike Renfrow
The Prosperity of the Wicked by Jeremy Lockhart
Don’t Forget Your Spouse! by Terri Moore