Converting a Business to a Nonprofit: Tax Exempt Status
How to convert your homeschool business to a nonprofit organization
Does a nonprofit need to file a tax return before they receive tax exempt status? Yes, the IRS requires organizations to file information returns before they apply for tax exempt status. Here’s what the IRS website states: Tax Law…
Some homeschool groups are very small and are not interested in the benefits of 501 c3 tax exempt status such as accepting donations or doing fundraising. Do these small homeschool groups really need 501c3 tax exempt status? No. They…