Tag IRS

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."

The IRS offers several exceptions to Unrelated Business Income Tax

A homeschool co-op lets their teachers keep unspent class fees. Is this legal?

The story of a small homeschool support group that grew into a full-fledged nonprofit organization

Several homeschool organizations were granted 501(c)(3) tax exempt status by the IRS

A Classical Conversations director wants nonprofit status for her CC Community.

A homeschool leader wonders if her homeschool co-op can be defined as a "school."

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.

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