Is it necessary to give my social security number to apply for an EIN?
A homeschool leader would rather not give her SSN when applying for an EIN for her homeschool co-op.
Category IRS Issues
Tax Exempt Status for Homeschool Co-ops (video)
Carol Topp, the HomeschoolCPA, answers questions from homeschool co-ops leaders on tax exempt status and insurance for homeschool co-ops in this presentation, "Homeschool Co-ops Are Like Marriage: Know What You're Getting Into" at the Midwest Homeschool Convention. Part 7 of 7.
Nonprofit status for homeschool co-ops (video)
Carol Topp, the HomeschoolCPA, shares helpful information on nonprofit status for homeschool co-op in this video clip from, "Homeschool Co-ops Are Like Marriage: Know What You're Getting Into" at the Midwest Homeschool Convention. Part 6 of 7.
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?
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If your organization has not filed any of the 990/990EZ/990N forms for three years, it is likely your tax exempt status was revoked.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…