Paying workersTax forms for a special ed homeschool teacherParents wonder if they need to give any tax forms to a teacher they hired to homeschool their child.Carol Topp03/11/20151 Comment
501(c)(3) statusHomeschool groups awarded 501c3 status in less than 10 days! More homeschool organizations receive their tax exempt status from the IRSCarol Topp03/04/2015
501(c)(3) status, IRS Issues, Tax exempt status revokedIRS reports your homeschool group needs to file every yearYour homeschool group should be filing some reports every year with the IRS. Did you know that?Carol Topp02/26/20152 Comments
Money & Budgets, Paying workersIs this a gift or compensation to a homeschool leader?A homeschool leader is given thousands of dollars in gift cards and free tuition each year. Are these gifts or taxable compensation?Carol Topp02/25/2015
Money & BudgetsAccounting software recommendations for homeschool groupsWhat are some accounting software recommendation for homeschool organizations?Carol Topp02/18/20151 Comment
Boards, Paying workersCompensating board members can be troublesome!A homeschool organization can compensate your board for their service, but compensation to officers is taxable income and the board members must be paid as employees. Carol Topp02/13/20154 Comments
EINs and Names, IRS IssuesHow to get added to the IRS database and file the Form 990NA homeschool support group knows it needs to file an annual report with the IRS but how?Carol Topp02/06/20151 Comment
BoardsAsk your board these question to spark discussion and planningDoes your homeschool board lack direction and forward thinking? Carol Topp01/16/2015
Paying workersShould my homeschool co-op be giving any tax forms to our teachers?Homeschool co-ops should be giving Form 1099MISC to their paid teachers. Carol Topp01/09/2015
501(c)(3) status, Co-ops, IRS IssuesWhat is the difference between a homeschool support group and a homeschool co-op?One difference between a homeschool co-op and support group is their tax exempt status in the eyes of the IRS. Carol Topp01/02/2015