Confused over IRS dollar thesholds for tax exempt filing status
A homeschool leader is confused by IRS thresholds for her nonprofit group.
Category Money & Budgets
Can you set up homeschooling as a business and get tax deductions?
A business owner asks the steps to set up homeschooling as a business and deduct the homeschool expenses.
Fundraising only with in your membership has advantages
Most states regulate nonprofit organizations that fund raise from the public.
“Incorporate yourself and write off homeschool expenses.” Really?
A homeschool parent is advised to incorporate herself to write off homeschool expenses. Is that possible?
Homeschool co-op teachers not returning curriculum. What to do?
A homeschool co-op leader struggles with getting curriculum returned to the group.
How much money can a homeschool group keep year to year?
A homeschool leader asks about having a surplus in her support group's checking account.
Giving gifts to speakers and homeschool board members
A homeschool support group leader asks if she should be giving gifts to speakers and board members.
No receipts for expenses can get you in trouble!
A new treasurer of a large homeschool co-op recently contacted me. The co-op had a long standing practice of giving checks to all the volunteer co-op teachers at the beginning of the school year. These checks were to be used…
Handling supply fees in a co-op
Handling supply fees in a co-op
Checking accounts and EINs for homeschool groups
A homeschool leader is told she needs a tax ID number to open a checking account.