When there is a change of leadership in a homeschool co-op, do we need a new EIN for new officers?
EIN for new nonprofit board member?
Category IRS Issues
Is a homeschool support group automatically tax exempt?
Most homeschool support groups can be considered 501(c)(7) Social Clubs. Why is that important?
IRS delayed implementing lower threshold for Form 1099-Ks again!
History repeats itself sometimes and this is a good time! The IRS is again delaying the implementation of lower reporting thresholds for Form 1099-K. Form 1099-K is a form a taxpayer (in this case a homeschool group) will receive if…
Lost your tax exempt status?
If your organization has not filed any of the 990/990EZ/990N forms for three years, it is likely your tax exempt status was revoked.
Taxes for Classical Conversations Directors
Help with taxes for Classical Conversations Directors.
IRS delays implementing new $600 threshold for Form 1099-Ks.
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.…
Penalties for failing to file 1099-NEC
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…
Adding a football program under your homeschool group
A homeschool treasurer has several questions about tax exempt status and financial oversight of adding a football program.
The IRS and Cooperative Fundraising
Links to an explanation of the IRS rules regarding fundraising.
IRS asks if homeschool groups gives scholarships
Homeschool groups should not call a fee discount a scholarship.