Is my homeschool a nonprofit?
A leader is confused when her state asks if her homeschool filed for nonprofit tax exempt status.
Category IRS Issues
Congratulations: Another homeschool group receives 501c3 status
Congratulations to Eclectic Teaching Consortium (ETC) of Arkansas on receiving 501(c)(3) tax exempt status form the IRS! The IRS received approved their application in only 32 days! That’s fast for the IRS! I was happy to help this group become…
Don’t throw away tax exempt status
Don’t throw away your tax-exempt status! From the IRS: If you are a tax-exempt organization that normally has annual gross receipts of $50,000 or less you must file the e-Postcard. The e-Postcard is due by the 15th day of the…
Do not call a fee discount a scholarship
Tricia from TX is helping her homeschool co-op apply for 501c3 tax exempt status with the IRS. On the application form (Form 1023), the IRS asks about scholarships and Tricia asks: We do provide scholarships for our members that cannot…
Can homeschoolers take the $250 educator tax credit?
Can homeschoolers take the $250 educator tax credit?
Should your homeschool group be an LLC?
Should your homeschool group be an LLC? Limited liability status for homeschool organizations.
What tax forms do I file for a homeschool co-op?
A new co-op leaders asks: Come tax time, do we file with the IRS (like I do for our household every year?) For example, do we use turbo tax and file for our co-op?
Does the IRS Form 990N apply to my group?
The IRS is now asking all nonprofit organizations to begin filing the Form 990N , even if they have not yet applied for tax exempt status
Does a nonprofit need to file any tax returns before they apply for tax exempt status?
Does a nonprofit need to file any tax returns before they apply for tax exempt status? IRS requirements before you receive tax exempt status
Paying teachers in a homeschool co-op is a sticky situation!
Amy asks a common question: paying teachers at a homeschool co-op For the past several years, our group has spent more (thousands more) than we have charged our members. We’re not technically “in the red” because of more prosperous years…