Tax Exempt Status for Homeschool Support Groups (podcast)

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Carol Topp, the Homeschool CPA, explains tax exempt status for homeschool support groups in her latest podcast episode.

She discusses what she learned about tax exemption from a recent webinar conducted by the IRS including:

  • Qualifications to receive automatic tax exemption from the IRS
  • In religious discrimination allowed or not?
  • Mandatory annual reporting to the IRS for support groups

Carol also discusses the advantages of forming as a nonprofit corporation.

Listen here

 

IRS and Your Homeschool Org coverCover Money Mgmt HS Org

Carol’s book, The IRS and Your Homeschool Organization, discusses the advantages of tax exempt status for homeschool organizations.

Carol also mentioned her book, Money Management in a Homeschool Organization.

 

Carol’s podcast, the Dollars and Sense Show, airs twice a month at DollarsAndSenseShow.com. If you’re a homeschool leader you might find these other podcasts helpful:

Episode #6  What is tax exemption and how do I get it for my homeschool organization?
Episode #30 Easy fundraisers for homeschool groups
Episode #36 Required IRS reports for homeschool groups
Episode #37 Has your homeschool group lost its tax exempt status?
Episode #41 Who’s afraid of the big, bad IRS?
Episode #42 How the IRS sees homeschool co-ops.

Carol Topp at CHAP in Harrisburg, PA

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I love talking to homeschoolers at conventions, so I was happy to be invited to the Christian Home Educators of Pennsylvania conference in Harrisburg, PA May 8-9, 2015.

(that photo is from when I was in Harrisburg a few years ago)

It’ll be talking about:

  • Career Exploration for high school students
  • 30+ Micro Business Ideas for Teens (and parents!)
  • Top(p) Ten Tips for Running a Homeschool Organization

I’ll also be part of an After High School panel

And as part of the Teen Track, I’ll be showing my video Starting a Micro Business and discussing the video with teenagers in a two-session block. I’ve never done that before, so it should be a lot of fun!

 

If you’re not near Tulsa, maybe we can meet up at these conventions:

 

Can’t make it to any of these conventions? Listen to many of these topics on my podcast, The Dollars and Sense Show.

Recent podcasts include:

  • We’re Not Raising Children, We’re Raising Grown Ups
  • Warnings Against Frugal Homeschooling
  • Has Your Homeschool Group Lost Its Tax Exempt Status

Meet Carol Topp, the HomeschoolCPA in OK, PA, MI, TX (or your home!)

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Homeschool convention season has arrived!

I met many of you last week at the Midwest Homeschool Convention in Cincinnati and next week (April 23-25) I’ll be in Tulsa, OK at the Oklahoma Christian Home Educators conference. It’s the first time that I’ve been to Oklahoma, so I get to check another state off of my list!

I’ll be speaking on several topics including micro business for teens, career exploration, leading a homeschool co-op and becoming an author.

If you’re not near Tulsa, maybe we can meet up at these conventions:

 

Can’t make it to any of these conventions? Listen to my podcast, The Dollars and Sense Show.

Recent podcasts include:

  • We’re Not Raising Children, We’re Raising Grown Ups
  • Warnings Against Frugal Homeschooling
  • Has Your Homeschool Group Lost Its Tax Exempt Status

Carol Topp

Are you raising a child or a grown up?

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In this latest Dollars and Sense Show podcast from Carol Topp, she asks re homeschool parents guilty of micro managing our teenagers or being helicopter parents?

The episode is part 1 of a two-part workshop Carol presented at the Great Homeschool Convention in Cincinnati last year in this episode of the titled, “Were Not Raising Children, We’re Raising Grown Ups.”

Carol discusses the dilemma in society today of sheltering our children too much and for too long so that they are ill equipped for adult life.

Listen here

 

Grab your handout here

Book recommendations mentioned in the podcast:

  • The Self-Propelled Advantage Joanne Calderwood
  • Parenting for the Launch Dennis Trittin
  • Battle Hymn of the Tiger Mother Amy Chua
  • Setting The Records Straight Lee Binz, TheHomeScholar.com
  • Phil Vischer podcast at PhilVischer.com

In Part 2 Carol shares important life skills your teenager needs to know, but are rarely covered in a textbook, such as: career choice, money management and living independently. She will share tips on how to impart important lessons in a natural way and share resources to help you raise a grown up!

Podcasts for homeschool leaders

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I started my podcast, the Dollars and Sense Show about a year ago! It’s hard to believe its a year old already!

I have a few podcasts that are for homeschool leaders:

Starting a nonprofit homeschool group correctly

Starting a homeschool group correctly.

What is tax exempt status and how do I get it for my homeschool group?

Paying workers in a homeschool organization Part 1

Paying workers in a homeschool organization Part 2

 Advice from experienced homeschool parents

 

 

I plan more for the next few months including

  •  Easy fund raisers for homeschool groups
  • Do you know about required IRS filings for homeschool organizations?
  • Has your group lost its tax exempt status?

 

What your you like to hear about? Drop a note in the comments and I may use your idea for a future podcast.

 

If you find any of my podcasts helpful, please leave a review on iTunes. (click on “View in iTunes” to leave a review)

How to leave a review on iTunes

 

Thank you!

Carol Topp

Starting a nonprofit homeschool group correctly. Dollars and Sense Show # 5 – See more at: http://ultimateradioshow.com/show-hosts/dollars-sense/#sthash.OArruFN6.dpuf
Starting a nonprofit homeschool group correctly. Dollars and Sense Show # 5 – See more at: http://ultimateradioshow.com/show-hosts/dollars-sense/#sthash.OArruFN6.dpuf

Celebrate my podcast birthday and enter to win an iPad mini!

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My podcast, the Dollars and Sense Show is a year old! Hard to believe that a year ago I started recording podcasts twice a month on a topic important to everyone: money!

The Dollars and Sense show is part of a larger network of podcasts by homeschoolers, for homeschoolers called the Ultimate Homeschool Radio Network.

For exactly one year, the Ultimate Homeschool Radio Network has been blessing homeschool families with fun, informative, and encouraging radio broadcasts every single week. All of our shows can be 1) played through the internet 2) downloaded to your computer or 3) subscribed to in iTunes as a podcast. Have you taken the time to listen to a show and find out what the Ultimate Homeschool Radio Network is all about?

As a newsletter subscriber for the Ultimate Homeschool Radio Network, you can get free audios sent to you every single week through email which makes it super easy to try listening. All of our shows are free!

As we celebrate our one year anniversary, several of the show hosts are joining together to offer a spectacular Anniversary Giveaway – you can win an iPad Mini!

Happy Birthday Ultimate Homeschool Radio Network! Win an iPad MINI from us!

iPad Mini Celebration Giveaway

A entire year of totally free podcasts that talk about every aspect of homeschooling, from planning, curriculum, money, marriage and more! We have an exciting line-up of shows and it is amazing to see the growth, especially over the last month! This is a thank you for all of you who are current listeners or those of you finding us for the first time – we began our network with a handful of show hosts and plan on growing! Each show host was carefully selected
and these shows are amazing!

Here is a snap shot of our current shows:UltimateHomeschoolRadioNetworkShowHosts_2014

And here is your chance to win an iPad Mini!

Rafflecopter GIVEAWAY

I hope one of you wins the iPad mini! If you do, let me know!

Carol Topp, CPA

HomeschoolCPA.com

 

Experienced Homeschoolers Offer Advice (podcast)

Carol Topp recently interviewed experienced homeschoolers at the HSLDA National Homeschool Leaders Conference. Listen to Carol’s lastest podcast as the leaders discussed:

  • Why they became a homeschool leader
  • What they wish they had known
  • What advice they have to offer you

Listen to the podcast

(I apologize for some of the poor audio! I’m improving, but I’m still learning about recording with lively background noise)

 

If you find this podcast helpful, please share it (below!) and leave a review on iTunes. (click on “View in iTunes” to leave a review)

How to leave a review on iTunes

Thank you!

Carol Topp, CPA

Win an iPad mini! Dollars and Sense Show podcast is a year old!

I launched a  podcast Dollars and Sense Show  a year ago this month!

The podcast is part of a podcast network, The Ultimate Homeschool Radio Network, where you can find podcasts for homeschoolers by homeschoolers.

The The Ultimate Homeschool Radio Network turns a year old this month and you can win a birthday gift-an iPad mini!

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Enter here:

http://ultimateradioshow.com/giveaways/

You can also win a $25 gift card and other prizes. The celebration goes all the month of October.

Listen to my podcast Dollars and Sense Show. There are several episodes on starting or running a homeschool organization and I plan to have more shows to help homeschool leaders in the future.

If you like it, please leave a review on iTunes. Thanks!

 

Carol Topp

Paying Workers in a Homeschool Organization Part 2 podcast

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Do you pay workers in your homeschool organization?

Do you know what form to to filing with the IRS?

Homeschool CPA, Carol Topp, will share the details of what you need to know about paying workers in a homeschool organization in this 30 minute podcast. Part 2 of a 2 part series.

Listen to the podcast

 

Show Notes:

Applying for EIN. Use IRS Form SS-4. Read this helpful article first Getting an EIN from the IRS.

IRS forms to give to independent contractors (IC).

  • Use IRS Form W-9 to collect the IC’s legal name and EIN.
  • Read IRS Pub 15A Employers Supplemental Tax Guide.
  • Give Form 1099MISC to every IC paid more than $600 in a calendar year. Unfortunately Form 1099MISC cannot be printed on your home printer. You must order it from the ITS or buy a set at an office supply store. I use FileTaxes.com to file and mail Form 1099MISC.

IRS forms to give to employees

  • Collect a W-4 and an I-9 (Immigration) from each employee. Get employment forms at IRS.gov
  • Read IRS Pub 15 Employers Tax Guide
  • Give each employee a W-2 at the end of the year. (I use FileTaxes.com to file and mail the W-2’s to the employees)
  • Form 941 or 944 to pay your employer taxes (Social Security and Medicare). Find employment forms at IRS.gov.  I use FileTaxes.com to prepare and file 941/944 or fill in online print and mail.

What to do if you are paid by homeschool organization an receive a 1099MISC

  • File Schedule C Profit or Loss from Business of the Form 1040. List all your income and expenses from being a independent contractor.
  • Pay federal income tax and  self-employment tax (same as Social Security and Medicare for self-employed people) using Schedule SE (attached to your Form 1040.

If you find these forms confusing, consider a private consultation with Carol Topp, the Homeschool CPA. She can help you prepare and file the correct forms.
Carol mentioned a few helpful resources:

Cover Money Mgmt HS Org

Paying Workers in a Homeschool Organization (short ebook)

Questions and Answers for Homeschool Leaders (ebook)

Money Management in a Homeschool Organization (newly expanded) in paperback or ebook. The Paying Workers ebook is incorporated as a chapter in this book, so you don’t need to purchase both.

Other helpful books and articles for homeschool leaders can be found at HomeschoolCPA.com

 

Be sure to listen to the first part of this podcast (Episode #17) where Carol explains the difference between employees and independent contractors.

Paying Workers in a Homeschool Organization Part 1 podcast

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Do you pay workers in your homeschool organization?

Are they employees or independent contractors? Do you know the difference?

Homeschool CPA, Carol Topp, will share the details of what you need to know about paying workers in a homeschool organization in this 30 minute podcast. Part 1 of a 2 part series.

Listen to the podcast here.

Carol mentioned a few helpful resources:

Cover Money Mgmt HS Org

Paying Workers in a Homeschool Organization (short ebook)

Questions and Answers for Homeschool Leaders (ebook)

Money Management in a Homeschool Organization (newly expanded) in paperback or ebook. The Paying Workers ebook is incorporated as a chapter in this book, so you don’t need to purchase both.

 

 

Be sure to listen to the second part of this podcast when Carol shares what forms you need to be filing with the IRS when you pay workers.