How Do I Get a Tax Exempt Number?
In this short podcast Carol Topp CPA explains tax ID numbers and the various state agencies that may assign tax numbers.
Don’t tell the IRS your homeschool group is a private foundation (if it’s not).
A homeschool group incorrectly tells the IRS they are a private foundation.
How does the IRS see my homeschool support group?
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.
Is there a rule about keeping our nonprofit bank account under $25,000?
A homeschool treasurer asks if there is a limit to how much money can be in their checking account.
Starting a Homeschool Co-op with a Friend
Is it a good idea to start a homeschool co-op with a friend?
Self-declared tax exempt status for 501c3 homeschool groups
How a homeschool group can "self declare" its tax exempt status.
Should my homeschool group be a nonprofit or a for-profit business?
A woman asks if her Classical Conversations homeschool program should be a for-profit business or a nonprofit organization.
Need advice when hiring your first employee? Discount program available to nonprofits.
Hiring employees can seem like a taunting task.
How to Self Declare Tax Exempt Status
n this short podcast, Carol Topp, CPA, the HomeschoolCPA, tells you how to self declare tax exempt status, keep all of your surplus for your group and not pay the IRS.
IRS amnesty program for employers (how to avoid penalties for paying workers as Independent Contractors)
What can you do to avoid the IRS penalties on misclassifying employees?