Homeschool support group has problems with bank and IRS
A very frustrated homeschool leader just wants to open a checking account and runs into problems at her bank and with the IRS.
Category IRS Issues
Tax Exempt Q&A with Homeschool Leaders
Carol Topp, CPA answers questions from homeschool leaders about self-declaring tax exempt status for your homeschool support group.
Don’t tell the IRS your homeschool group is a private foundation (if it’s not).
A homeschool group incorrectly tells the IRS they are a private foundation.
How does the IRS see my homeschool support group?
Your homeschool support group is probably a social club in the eyes of the IRS. Social clubs can get automatic tax exempt status without applying, but they must maintain that tax-free status.
Self-declared tax exempt status for 501c3 homeschool groups
How a homeschool group can "self declare" its tax exempt status.
IRS tries to decrease errors in automatic revocations for tax exempt organizations
Carol Topp, CPA the HomeschoolCPA has a few idea to help the IRS decrease erroneous automatic revocations.
How can I thank my volunteers?
Ways to thank your volunteers that are tax-free.
Is there a penalty for misclassifying my homeschool group’s workers?
A podcast episode that explains the difference and why it matters how you classify your homeschool group's workers.
Understanding Taxes for a small homeschool business
Homeschool business owners can learn how to prepare their tax returns
Tax return for a Classical Conversations homeschool business
A new Classical Conversations Director asks how to report her income and expenses on her tax return.