Category IRS Issues

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.

There is a new website for filing the IRS ePostcard, Form 990-N

Hard working volunteers in a homeschool organization, who get a discount on tuition, could have to report and pay taxes on their "compensation."

A homeschool group wants to be a nonprofit corporation. Do they need to reapply for 501c3 status?

A homeschool support group leader read that her group cannot have a Statement of Faith or be religious. Is this correct?

Homeschool leader cannot find her group in the IRS database of exempt organizations.

Carol Topp, the Homeschool CPA, explains tax exempt status for homeschool support groups in her latest podcast episode.

Fund raisers may be subject to IRS taxes.

Homeschool organizations need to have their financial information and organizing documents ready to send into the IRS when asked.

A lot of small organizations have learned that their tax exempt status had been revoked and they didn’t even know about it!