IF YOU HAVE ANY COMMENTS OR SUGGESTIONS ABOUT THE WEBSITE OR THE LIVE STREAMING OF THE ENGLISH MASS, THEN EMAIL JERRY STOVALL AT stovall.kofc@twlakes.net
IF YOU ARE LIKE A LOT OF US AT ST. THOMAS AQUINAS, YOU ARE OVER 70 & 1/2 YEARS OLD AND HAVE AN IRA (NOT ROTH). IF SO, THEN YOU HAVE TO:
1. REMOVE A CALCULATED AMOUNT EACH YEAR FROM THE IRA (RMD).
2. PAY TAX ON THAT DISTRIBUTION AT YOUR CURRENT TAX RATE. INSTEAD, YOU COULD DO WHAT SOME OF US PREFER TO DO WITH THE IRS' BLESSING. THE IRS HAS WHAT IS CALLED A "QCD" (QUALIFIED CHARITABLE DISTRIBUTION).
YOU CAN DO THE FOLLOWING:
1. HAVE YOU IRA CUSTODIAN MAKE OUT THE PAPERWORK TO PUT THIS "QCD" IN MOTION.
2. THEY CAN THEN SEND YOU ONE CHECK OR TWELVE CHECKS A YEAR IF YOU WOULD RATHER DO IT THAT WAY.
3. THE CHECKS HAVE TO HAVE THE PARISH'S NAME AS THE PAY TO PERSON.
4. HAVE THEM SENT TO YOU AND THEN GIVE THEM TO THE CHURCH BECAUSE YOUR NAME IS NOT ON THEM.
5. IF YOU DON'T WANT TO GIVE ALL OF YOU "RMD" (REQUIRED MINIMUM DISTRIBUTION) YOU WILL BE TAXED ON THE DIFFERENCE YOU HAD TO REMOVE.
6. IF YOU WANT TO GIVE MORE THAN THE "RMD", THERE IS NO PENALTY UNTIL YOU GO OVER $100,000.
7. THE GOOD PART IS WHEN YOU MAKE OUT YOUR 1040, ENTER THE FULL AMOUNT YOU TOOK ON YOUR IRA DISTRIBUTION. ON THE TAXABLE AMOUNT LINE PUT $0 OR THE AMOUNT NOT COVERED BY THE "QCD".
8. IT'S A GOOD WAY TO RECOVER YOUR IRA TAX FREE AND HELP ST. THOMAS AS WELL.
I AM NOT A TAX PROFESSIONAL, BUT I CAN POINT YOU IN THE RIGHT DIRECTION. IF YOU HAVE ANY OTHER QUESTIONS, JUST EMAIL ME AT STOVALL.KOFC@TWLAKES.NET
TAX SERVICE business located across from the church, has asked us to PLEASE DO NOT PARK there, it is open 7 days a week.
NOTE FROM OWNER IN 2021 AS FOLLOWS:
Just a reminder that its tax season and my office is open 7 days a week and members are parking in front of my office even though they see my open sign. Please let them know not to park, as I will need space for my clients. If it gets to much I will have the cars towed. I do apologize but they need to respect businesses that are open.
The eleven parking spaces around the church are intended during all Masses to be used by individuals who may have difficulty in walking from the parking lot. If you are blessed with good health and have no difficulty in walking, please park in the parking lot or at Premier Medical Center’s Parking lot and save the parking spaces around church for those with disabilities.
The cost of the Catholic newspaper the Tennessee Register for
Saint Thomas Aquinas Church is $26 for each family.
If you wish to make a contribution to reduce the cost to the
parish it would be greatly appreciated!
You may inquire at the office or include a check in the donation plate with the MEMO: TENNESSEE REGISTER DONATION
Thank you for your consideration!
You can also support ST. THOMAS AQUINAS community...all you have to do is shop at Kroger and swipe your Plus Card!? It's easy!! Enroll now for the Kroger Community Rewards Program.
While we recognize the need for service animals to accompany individuals to church in extreme circumstances, please have the courtesy to keep your service animal under your control and always by your side.
Remember that there might be individuals with allergies or other issues around your animal and we wish to be considerate of them.
Please make sure to clean up or ask for help in the event your animal has an accident in the church building.
We appreciate your choice to come to worship with us!.