What Homeschool Leaders Don’t Know About IRS Annual Reports
A report that the IRS requires from all tax exempt organizations--including your group! It's called the Form 990.
Category IRS Issues
CC Directors: Do not give yourself a 1099-MISC/1099-NEC
I have spoken to several Classical Conversations (CC) Directors lately who tell me that they gave themselves a 1099-MISC to report what they paid themselves.
Are homeschool co-op fees childcare tax deductions?
Are homeschool co-op fees tax deductible as childcare expenses?
How the IRS defines a school
Most homeschool groups that use volunteer parents and vary the classes offered each year do not fit this IRS definition of a school.
Government Intrusion and 501c3 Tax Exempt Status for Homeschool Groups
Does applying for 501c3 status mean government intervention into homeschooling?
IRS lowers fees on Form 1023-EZ
IRS lowers fees on Form 1023-EZ
Can a homeschool group just get together without having to report to the IRS?
A homeschool group can gather without needing to file reports with the IRS, but they will be limited.
Homeschool groups and huge fundraisers can be a bad thing!
A fundraiser can bring in so much income that it can jeopardize your 501c7 status because the fundraiser income exceeds 35% of total income.
New website for filing IRS Annual ePostcard Form 990-N
There is a new website for filing the IRS ePostcard, Form 990-N
Are homeschool co-op tuition discounts taxable income? Probably!
Hard working volunteers in a homeschool organization, who get a discount on tuition, could have to report and pay taxes on their "compensation."