Frequently asked questions about a business using a church and property tax
A nonprofit group may raise a lot of money from fund raising. These fundraisers could be so successful the leaders may wonder if the homeschool group owes anything to the government in taxes. For the most part, fund raising…
Can a homeschool group owe tax from a used curriculum sale fundraiser?
A fundraiser can bring in so much income that it can jeopardize your 501c7 status because the fundraiser income exceeds 35% of total income.
The IRS offers several exceptions to Unrelated Business Income Tax
Fund raisers may be subject to IRS taxes.
The IRS taxes charities for unrelated businesses, like money earned from affiliate programs.
What is Unrelated Business Income Tax? Does it apply to homeschool organizations?