Homeschool support group asks what tax forms to file

 

Hi- I am the leader of a homeschool support group and self declared 501c7. We are not a co-op and only do field trips and park days. We do collect yearly dues to help cover pool rental, field day, etc. We also have about 25 families and have under $300. What tax form do we fill out?

-Rhonda

 

Rhonda,

I believe you told me that your bank balance is $300, but the IRS  uses your total revenues (all the money that came in), not your balance (or profit) to determine what forms tax exempt organizations should file.

If you are a self-declared 501(c)(7) social club with total revenues under $50,000 per year, you should file the IRS Form 990-N every year.

The 990-N is a short, online form that the IRS calls an electronic postcard. It will only take 10-15 minutes to complete.

It is due 4 1/2 months after the end of your fiscal year. It is not due April 15 like individual tax returns.

You will have to call the IRS to get added to their exempt organization database.

This will help: How to get added to the IRS database and file the Form 990N

 

Additionally, there may be forms to file in your state.  Here’s a resource I use to research what each state wants HarborCompliance.com/information/nonprofit-compliance-guide

I hope that helps,

 

Carol Topp, CPA

HomeschoolCPA.com

Dealing with Angry People

 

Sometimes homeschool leaders must deal with angry members. It seems as if the ugliness from social media creeps into our homeschool groups. It’s happened to Alicia Strunkel, a homeschool leader form Georgia. Alicia explains to host Carol Topp how she has learned to deal with upset people both online and in person.

Alicia shares some tips including:

  • Don’t try to defend yourself
  • Don’t become argumentative
  • Don’t fan the flame and it dies out
  • Let it go!
  • Aim for personal peace

Alicia also explains her emotional base and how her faith plays a role in her leadership in a beautiful, heartfelt way

Listen to the end (15 minutes) for a boost of encouragement for homeschool leaders.

In the podcast Carol mentioned …

In the podcast Alicia mentioned managing conflict. My book Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out devotes a chapter to dealing with volunteers and conflict. You might find it helpful as you lead your homeschool group.

Homeschool Co-ops: How to Start Them, Run Them and not Burn Out

Have you ever thought about starting a homeschool co-op? Are you afraid it will be too much work? Do you think you’ll have to do it all by yourself? Starting a homeschool co-op can be easy! This book Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out will give you ideas, inspiration, tips, wisdom and the tools you need to start a homeschool co-op, run it and not burn out!

Click Here to request more information!

Carol Topp, CPA

Save

Save

Dealing with Opposition When You’re a People Pleaser

 

Are you a people pleaser? Alicia Strunkel, a homeschool leader form Georgia, is, but after 11 years of leading homeschool groups, she has learned how to deal with opposition.

Alicia explains to host Carol Topp how she has learned to deal with her feeling when people are upset with her decisions.

In this episode of the HomeschoolCPA podcast (10 minutes), Alicia shares some tips including:

  • Putting your feelings aside
  • Look at the situation objectively
  • Look at the bigger picture
  • Ask yourself “What can I learn?”
  • Focus on your group’s purpose

In the podcast Carol mentioned …

 

In the podcast Alicia mentioned your group’s purpose and vision.

Does your homeschool group have a mission statement and a clear purpose?

Do you board members know it?

Carol Topp’s  Homeschool Organization Board Manual Can be a big help in writing a purpose and mission statement to run your homeschool organization successfully!

Author and homeschool advisor, Carol Topp, CPA, has created a Homeschool Organization Board Manual. It is a template to create a board member binder. It has:

  • A list of important documents to keep in your binder
  • Section dividers so you can organize the important papers
  • Tools to help you run your meetings smoothly including
  • A sample agenda that you can use over and over again
  • A calendar of board meetings

But this is more than just a few cover sheets for your binder. It is also a 55-page board training manual with helpful articles on:

  • Suggested Board Meeting Topic List
  • Board Duties
  • Job Descriptions for Board of Directors
  • What Belongs in the Bylaws?
  • Compensation and Benefits for Board Members
  • Best Financial Practices Checklist
  • How to Read and Understand Financial Statements
  • Developing a Child Protection Policy

Read more about the Homeschool Organization Board Manual

Carol Topp, CPA

Save

Save

Join the webinar tonight on starting an academic homeschool program

 

Are you considering starting a homeschool program? An academic program, not a co-op and not a for-profit business either. But a nonprofit organization with an academic focus, maybe a classical emphasis, too.

You’re motivated! But where to begin?

Carol Topp, CPA, the Homeschool CPA and Jamie Buckland are teaming up to to help you!

ABC’s of an Academic Homeschool Program

An hour-long webinar on Monday February 18, 2019 at 8 pm ET

Jamie Buckland of Classical Program Consultant has run both a for-profit classical homeschool program and is currently the Executive Director of Appalachian Classical Academy, a nonprofit 501c3 organization. She will share about Administration and Curriculum

  • How your culture affects an academic program when it comes to logistics.
  • What to look for in the Board of Directors
  • Why have an Advisory Council
  • Why employ tutors
  • How to train employees
  • How to assess employees
  • Why charge tuition
  • How to communicate with families
  • How to determine curriculum for your program

Carol Topp, CPA is the owner of HomeschoolCPA.com and has assisted more than 80 homeschool organizations apply for tax exempt status. She is the author of 15 books and will share about Business

  • Why and how to organize as a nonprofit
  • Applying for 501c3 tax exempt status
  • A timeline: How fast can you get this done?

There will be time for questions and answers.

  • Cost is $30 and includes live webinar access and ability to view the recording.
  • Jamie’s extensive questionnaire for homeschool parents looking to create a homeschool program.
  • Copy of Carol’s ebook The IRS and Your Homeschool Organization.
  • Slide handout

Getting an hour with these two experts and their materials would typically cost you $165.

Carol Topp, CPA

HomeschoolCPA.com

Keep Meetings to a Minimum

 

Does your homeschool group have a hard time getting volunteers? Maybe you need to keep meetings to a minimum since homeschoolers are busy people. Homeschool leader Michele Gross shares some great tips on keeping meetings to a minimum but still staying in communication. Michele has been a homeschool leader for 15 years and currently is the founder and director of The Learning Connection in New Jersey.

In this episode of the HomeschoolCPA podcast (15 minutes), Carol Topp will share:

  • Keep meetings to a minimum. Time is precious to homeschool leaders.
  • Using apps like Trello (a To Do list), GroupMe and email forums to communicate
  • Use conference calls for urgent matters. FreeConferenceCall.com is an option.
  • Use an incentive to recruit volunteers. Michele and Carol have a few ideas.
  • Open up volunteer positions to teenagers in you homeschool group! Listen to all the benefits it has for them!

In the podcast Carol mentioned …

Homeschool Co-ops: How to Start Them, Run Them and not Burn Out
Have you ever thought about starting a homeschool co-op? Are you afraid it will be too much work? Do you think you’ll have to do it all by yourself? Starting a homeschool co-op can be easy! This book Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out will give you ideas, inspiration, tips, wisdom and the tools you need to start a homeschool co-op, run it and not burn out!

Click Here to request more information!

Carol Topp, CPA

Save

Save

Recruiting Volunteers

 

Does your homeschool group have a hard time finding volunteers? Many groups struggle with getting people to help out. Homeschool leader Michele Gross shares some great tips for recruiting volunteers with host Carol Topp. Michele has been a homeschool leader for 15 years and currently is the founder and director of The Learning Connection in New Jersey.

In this short podcast episode (13 minutes)  Carol Topp, the Homeschool CPA, will share:

  • Don’t strive for an event. If you have no volunteers, there is no event.
  • Poll members for their gifts and talents. Michele has tips and ideas on how to collect that information
  • How to pull a volunteer out of their comfort zone.
  • Talk individually and ask for volunteers in person, if possible.
  • Train your replacement. Reproduce yourself or the group may not last.

 

In the podcast Carol mentioned …

 

Does your homeschool board know and understand its duties?

Author and homeschool advisor, Carol Topp, CPA, has created a Homeschool Organization Board Manual. It is a template to create a board member binder. It has:

  • A list of important documents to keep in your binder
  • Section dividers so you can organize the important papers
  • Tools to help you run your meetings smoothly including
  • A sample agenda that you can use over and over again
  • A calendar of board meetings

But this is more than just a few cover sheets for your binder. It is also a 55-page board training manual with helpful articles on:

  • Suggested Board Meeting Topic List
  • Board Duties
  • Job Descriptions for Board of Directors
  • What Belongs in the Bylaws?
  • Compensation and Benefits for Board Members
  • Best Financial Practices Checklist
  • How to Read and Understand Financial Statements
  • Developing a Child Protection Policy

Read more about the Homeschool Organization Board Manual

Carol Topp, CPA

Save

Save

How to start an academic homeschool program



Learn the ABC’s of starting an Academic Homeschool Program

Have you considered wanting to start a homeschool program? An academic program, but not a co-op and not a for-profit business, either. But a nonprofit organization with an academic emphasis–maybe with a classical education focus.

Sounds like a great idea! But where to begin?

Feeling overwhelmed?

We’re here to help.

Carol Topp, CPA, the Homeschool CPA and Jamie Buckland are teaming up to to bring you:

ABC’s of an Academic Homeschool Program

This 90 minute webinar is packed with information to help you launch an academic homeschool program.

The cost for the recorded webinar is $20 and includes :

    • Jamie’s extensive questionnaire for homeschool parents looking to create a homeschool program.
    • Copy of Carol’s ebook The IRS and Your Homeschool Organization to help you understand nonprofit and tax exempt status
    • Webinar slide handouts

Getting an hour with these two experts and their materials would typically cost you $165.


The ABC webinar with Jamie Buckland and Carol Topp was top notch! Very informative. It was presented so clearly and in an organized manner. I thank you ladies for making your knowledge available to us-Beth M.

The webinar was extremely helpful.-Erika


 

Jamie Buckland of Classical Program Consultant has run both a for-profit classical homeschool program and is currently the Executive Director of Appalachian Classical Academy, a nonprofit 501c3 organization. She will share about Administration

  • How your culture affects an academic program when it comes to logistics.
  • What to look for in the Board of Directors
  • Why have an Advisory Council
  • Why employ tutors
  • How to train employees
  • How to assess employees
  • Why charge tuition
  • How to communicate with families

Carol Topp, CPA is the owner of HomeschoolCPA.com and has assisted more than 80 homeschool organizations apply for 501c3 tax exempt status. She is the author of 15 books and will share about Business

  • How to organize as a nonprofit
  • Applying for 501c3 tax exempt status
  • Converting a for-profit business to nonprofit
  • A timeline: How fast can you get this done?

Then Jamie wraps up by discussing Curriculum

  • How to determine curriculum for your program

$20.00 includes unlimited viewing, ebook, handouts and handouts of slides.

Carol Topp, CPA

HomeschoolCPA.com

ABC Test for Independent Contractors

 

Is your homeschool teacher an employee or Independent Contractor?

In 2018 California Supreme Court tried to make that questions easier to answer with a simpler 3 part test: The ABC Test for Independent Contractor status.

Can You Pass The Three-Part ABC Test?

Listen to the podcast (11 Minutes) for Carol’s reply.

 

In the podcast Carol mentioned …

In the podcast I mentioned my paying teachers or tutors of others in a homeschool business or nonprofit organization. My book, Paying Workers in a Homeschool Organization has more information about paying Independent Contractors and employees.

Paying Workers in a Homeschool Organization

Are you paying workers in your homeschool organization?

  • Can a volunteer be paid?
  • Should a worker be treated as an employee or independent contractor?
  • Do you know the difference?

Homeschool leader and CPA, Carol Topp, has the answers to your questions in her book Paying Workers in a Homeschool Organization.

This 130 page book covers paying workers as employees or independent contractors. There are also chapters on paying volunteers and board members. It includes sample forms, tips and advice to help you pay workers in accordance with the IRS laws to help your organization pay their workers correctly. Written specifically for homeschool organizations.

 

Save

Save

Are my homeschool co-op fees a tax deductible donation?

I’m a homeschool parent and member of a homeschool co-operative that weeks weekly. I have to pay tuition to this group for the classes my children take there. Can my children’s tuition for the co-op be a tax deduction?

 

I assume you mean deductible as a charitable donation.

Co-op fees are not a tax deductible charitable donation because services (co-op classes for your children) were received in return for the tuition payments. Tuition payments are not a tax deductible donations.They are personal expenses and are not tax deductible.

But if a parent makes a charitable gift to the homeschool group (assuming it has 501c3 tax exempt status from the IRS) above and beyond the tuition and fee payments, then this amount would be a tax deductible donation.

Some homeschool parents ask if co-op fees can be deducted as childcare expenses. My reply is “usually not” and here are the details: Are homeschool co-op fees child care tax deductions?

 


Did you get paid for teaching at a homeschool program? You may have questions about your taxes? I offer webinar to help you understand the tax implications of being a paid homeschool co-op teacher or tutor:

I recorded a webinar on Tax Preparation for Homeschool Business Owners. It should be a lot of help to tutors, non-employee co-op teachers and other homeschool business owners! You can watch the recording at HomeschoolCPA.com/HSBIZTAXES for a small fee of $10.

Carol, thank you again for the webinar. It was one of the BEST webinars I’ve EVER attended. If you do hold another one, I would pay for it hands down. Totally worth the $10! -Denise, webinar attendee

“I actually don’t care for webinars at all – it is not my learning style at all and I struggle to focus, but this one was extremely value and had my attention”. -Mary, webinar attendee


I hope that helps!

Carol Topp, CPA

HomeschoolCPA.com

Helping homeschool leaders

Form 1099-MISC is due Jan 31!

 

Did you know there are some tax forms to file before April 15? There are if you are a homeschool business owner or homeschool nonprofit that paid anyone more than $600 in 2018.

I’m talking about the IRS Form 1099-MISC that is given to Independent Contractors paid more than $600 by your homeschool business or group.

In today’s podcast (10 minutes), I answer a question from a new Classical Conversations director who asks, “Do I need to give Classical Conversations a 1099-MISC for the licensing fees I paid to them?”

Listen to the podcast  for Carol’s reply.

 

In the podcast Carol mentioned Yearli.com (affiliate link) as the online service she uses to file Form 1099-MISC.

Yearli by Greatland is the best way for businesses to file 1099-MISC and W-2  forms. Best of all, you’ll receive 15% off your filings because Carol referred you.

Check them out! https://mbsy.co/rzrbp (my affiliate link)

 

 

In the podcast I mentioned my paying teachers or tutors of others in a homeschool business or nonprofit organization. My book, Paying Workers in a Homeschool Organization has more information about paying Independent Contractors and employees.

Paying Workers in a Homeschool Organization

Are you paying workers in your homeschool organization?

  • Can a volunteer be paid?
  • Should a worker be treated as an employee or independent contractor?
  • Do you know the difference?

Homeschool leader and CPA, Carol Topp, has the answers to your questions in her book Paying Workers in a Homeschool Organization.

This 130 page book covers paying workers as employees or independent contractors. There are also chapters on paying volunteers and board members. It includes sample forms, tips and advice to help you pay workers in accordance with the IRS laws to help your organization pay their workers correctly. Written specifically for homeschool organizations.

 

Save

Save