How can a nonprofit board receive benefits (properly)?
A nonprofit board cannot vote themselves benefits, so what can they do?
Tag compensation
Compensation to homeschool board members is taxable income
Homeschool leaders will know if they are paying their volunteers, board members and workers legally and correctly.
Can a homeschool group pay a volunteer?
Your homeschool organization can pay a volunteer, but the pay must be reported to the IRS.
Is this a gift or compensation to a homeschool leader?
A homeschool leader is given thousands of dollars in gift cards and free tuition each year. Are these gifts or taxable compensation?
Compensating board members can be troublesome!
A homeschool organization can compensate your board for their service, but compensation to officers is taxable income and the board members must be paid as employees.