Your homeschool group may have lost its tax exempt status and not even know it! I explain this problem in an episode of the Dollars and Sense Show podcast.
In 2006, the IRS made filing an annual report (Form 990/990-EZ, 990-N) mandatory for nonprofit organizations. Nonprofits that failed to file the Form 990 for three consecutive years, had their tax exempt status automatically revoked.
In the podcast, I discuss how to know if your group’s tax exempt status was revoked and how to get it back.
Episode #36 Required IRS Reports for Homeschool Groups explains the Form 990.
My book The IRS and Your Homeschool Organization is a helpful resource for homeschool organizations considering the benefits of tax exempt status. Available here.
If you would benefit from a personal phone consultation, I’d would be happy to help your homeschool organizations. Contact Carol.
Carol Topp, CPA