Carol Topp, the Homeschool CPA, explains tax exempt status for homeschool support groups in her latest podcast episode.
She discusses what she learned about tax exemption from a recent webinar conducted by the IRS including:
- Qualifications to receive automatic tax exemption from the IRS
- In religious discrimination allowed or not?
- Mandatory annual reporting to the IRS for support groups
Carol also discusses the advantages of forming as a nonprofit corporation.
Carol’s book, The IRS and Your Homeschool Organization, discusses the advantages of tax exempt status for homeschool organizations.
Carol also mentioned her book, Money Management in a Homeschool Organization.
Carol’s podcast, the Dollars and Sense Show, airs twice a month at DollarsAndSenseShow.com. If you’re a homeschool leader you might find these other podcasts helpful:
Episode #6 What is tax exemption and how do I get it for my homeschool organization?
Episode #30 Easy fundraisers for homeschool groups
Episode #36 Required IRS reports for homeschool groups
Episode #37 Has your homeschool group lost its tax exempt status?
Episode #41 Who’s afraid of the big, bad IRS?
Episode #42 How the IRS sees homeschool co-ops.
