Imputed income for life insurance available now

Imputed Income for life insurance for 2016 is now available. The IRS allows employees $50,000 of employer-paid life insurance without any tax implications. Life insurance in excess of $50,000 has a taxable value, and that value must be added to the employee's W2. For clergy and lay employees enrolled in the defined pension and life insurance plans at CPG, those figures can be obtained by contacting Nancy James, njames@diosova.org or 757-213-3386.

Parochial Report

In a few days you will receive by mail a packet from the national church with instructions for completing your 2016 parochial report. You should receive it no later than Monday, December 12.  It is important to the national church, as well as to the Diocese, that you complete and file it on time (by March 1, 2017), as we get very important data from the reports. Online filing will begin January 2, 2017.  

 

Journal Information Form and Salary Survey

Journal information form and salary survey will be emailed in early January.