Taxes for Classical Conversations Directors
Help with taxes for Classical Conversations Directors.
Carol Topp
Homeschool mom, author and accountant. I enjoy helping homeschool leaders start and run their homeschool groups successfully.
Should a homeschool group have term limits?
Currently we have a board divided on whether or not we should have term limits for board members.Should the board of directors of a nonprofit homeschool organization decide if the board should have term limits, or does that decision belong to the general membership?Thank…
What is an Nonprofit Unincorporated Association?
In consultations with homeschool leaders, I frequently explain the two options for nonprofit homeschool groups: Be a nonprofit corporation Be an unincorporated association (this is the default if you do nothing) I’ve written articles, blog posts and podcasts about what…
IRS delays implementing new $600 threshold for Form 1099-Ks.
Every once in a while the IRS does something smart and listens to tax experts and taxpayers! The IRS has wisely delayed implementation of the reduced threshold of $600 for third party payment processors to send Form 1099-Ks to payees.…
Managing records and financial statements
How are your homeschool groups’ records? Scattered, missing, lost? One homeschool group has organized all their important papers in a binder using HomeschoolCPA’s Homeschool Board Member Manual template. In this podcast episode, the leader showed Carol Topp her board binder.…
The duty of compliance with the law for homeschool organizations
Homeschool leader shave a duty to care and be loyal, as discussed in podcast episode #204. But homeschool leaders also have a duty of compliance with the law. What laws to leaders need to know about? What does a duty…
Can we fund raise and then distribute the proceeds?
I am organizing a history tour of the East Coast for some homeschooling families. We would like to do some fundraising to help us with the cost of the tour (most businesses require an EIN to participate with their fundraiser…
Penalties for failing to file 1099-NEC
I learned of a former Classical Conversations (CC) Director that left CC and started a nonprofit homeschool group in spring 2021. She forgot to file Form 1099-NEC for her 6 CC tutors that she paid in early 2021. The Form…
How to prepare board members for transition
A question was asked on the I am a Homeschool Group Leader Facebook group regarding planning for a transition. One issue I’d like to hear about on your podcast is how to choose board members, and prepare them well for…
Finding grants for your homeschool group
Nicole Doyle, a homeschool leader from Georgia, shared with me several places where she received grants for her homeschool group: WalMart Foundation gave her group $500 Target gave $350 for field trips Publix (grocery store) gave Nicole’s homeschool group $200…