Does my homeschool group have to be tax exempt?
Does my homeschool groups have to be tax exempt? It seems like a lot of work, cost and government intervention. Many of our members and the board members don’t want to be a 501c3. Do we have to be? We…
Tax and record keeping help for CC Directors
Carol, I will be a director with Classical Conversations (TM) for the upcoming year and I wanted to keep track with all finances and stay on top of all the things for taxes but I am unsure of how to…
How can our board members lead and get paid for it?
Hi Carol, We have questions about how and if we are able to file as a 501(c)3 so that our directors can continue to lead the group while getting compensated for their time and efforts. Do you have any resources…
Getting an EIN from the IRS
Many homeschool organizations find they need to open a checking account for their group expenses. The bank or credit union will ask for an EIN, Employer Identification Number. This number is similar to a Social Security Number for a business…
Homeschool teachers or CC tutors: Stuck inside? Start doing your taxes!
My latest book, Taxes for Homeschool Business Owners!
1099-NEC replaces 1099-MISC for most homeschool groups
The IRS has introduced a new form called the 1099-NEC (for Non Employee Compensation), that will replace the Form 1099-MISC for most homeschool groups and homeschool businesses like Classical Conversation Directors. The 1099-NEC is the form your homeschool group must…
Are hired homeschool teachers household employees?
Hello Carol! I graduated from college in May and am currently working on my masters degree in Elementary Education. A friend put me in contact with one of her family friends for a job opportunity as a homeschool teacher while…
Homeschool mom has concerns about Classical Conversations
I’ve written several blog posts answering questions from Classical Conversations (CC) Directors regarding: Taxes for CC Directors and tutors Using church space Paying tutors as Independent Contractors or employees and more Usually these issues affect CC Directors the most since…
What do the Duties of Care and Loyalty look like?
HomeschoolCPA Carol Topp frequently mentions that homeschool leaders have a duty of care and loyalty to their groups. What does a duty of care look like? How does a leader know know if she is being loyal? This is the…
Can a homeschool group be charitable? Maybe not!
Should a homeschool group serve as a charity? Maybe, but maybe not.