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If your organization has not filed any of the 990/990EZ/990N forms for three years, it is likely your tax exempt status was revoked.
Category IRS Issues
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.
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.