Taxes for Classical Conversations Directors
Help with taxes for Classical Conversations Directors.
Category IRS Issues
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.
Do homeschool teachers get the Educators Expense deduction?
Can a homeschool parent take the Educators Expense deduction?
Form an LLC to homeschool your own children: Good idea or not?
Hi Carol, I love your website – so much great information! Can I incorporate and form an LLC where my husband would hire me/my company to teach our children? If not, would I need to start some sort of online…
How the IRS sees homeschool groups (podcast)
Carol Topp discusses "Who's Afraid of the IRS?" and discusses how the IRS sees homeschool co-ops.
Who’s Afraid of the IRS? (podcast)
How the IRS sees homeschool support groups and co-ops