How to Self Declare Tax Exempt Status
n this short podcast, Carol Topp, CPA, the HomeschoolCPA, tells you how to self declare tax exempt status, keep all of your surplus for your group and not pay the IRS.
Tag non profit
What homeschool leaders should do this summer to be ready for next year
A few tasks that homeschool leaders should do this summer to make the fall much easier!
Keep Up To Date on State Filings for Your Homeschool Nonprofit
The most common state reports that homeschool nonprofit organizations need to file.
Is my homeschool graduation fundraiser breaking the law?
Is holding a fundraiser to pay for a graduation event allowed?
What Homeschool Leaders Don’t Know About Losing Tax Exempt Status
Helping homeschool leaders know what to do if their organization has lost its tax exempt status.
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.
What Homeschool Leaders Don’t Know About Non Profit Status
What does it take to be a nonprofit? Only two things!
How to account for a surplus in your nonprofit records
A homeschool leader asks how to account for accumulated money on a financial statement
Accepting in-kind donations of equipment or services
Carol, My homeschool group (a 501c3 nonprofit) was donated $500 in science equipment. How to I record a gift like this in my record keeping? We use QuickBooks. How wonderful to receive such a generous donation. As a 501(c)(3)…
Do the new overtime rules affect homeschool groups?
Read the exceptions to the new overtime rules for nonprofits.