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.…
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.…
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…
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…
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…
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…
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…
The factors that determine if a worker is an employee or an Independent Contractor are changing AGAIN! On October 13, 2022 the Biden Administration’s Department of Labor has proposed a change from an “economic realities” test that many consider more…
I have found the IRS Streamlined Application for 501c3 status, Form 1023-EZ, a wonderful, fast way to get tax exempt status for hundreds of homeschool groups and other nonprofits. But, the Form 1023-EZ has its problems and critiques. One critique…
A homeschool leaders wishes to "solicit funds" and asks if she needs 501c3 status first.