Do you know the difference between nonprofit and tax exempt status?
Terms like 501c3, association, nonprofit and tax exempt can be confusing.
Carol Topp, CPA answers questions from homeschool leaders about self-declaring tax exempt status for your homeschool support group.
In this short podcast Carol Topp CPA explains tax ID numbers and the various state agencies that may assign tax numbers.
A homeschool group incorrectly tells the IRS they are a private foundation.
Your homeschool support group is probably a social club in the eyes of the IRS. Social clubs can get automatic tax exempt status without applying, but they must maintain that tax-free status.
How a homeschool group can "self declare" its tax exempt status.
Carol Topp, CPA the HomeschoolCPA has a few idea to help the IRS decrease erroneous automatic revocations.