Homeschool leader shave a duty to care and be loyal, as discussed in podcast episode #204. But homeschool leaders also have a duty of compliance with the law.
What laws to leaders need to know about?
What does a duty of compliance look like?
This is the third part of a 4-part series on tips for homeschool leaders a workshop given to homeschool leaders in Austin Texas in February 2020.
Carol Topp, CPA discusses three main areas of compliance for homeschool groups:
- IRS filings and taxes
- Your state filings for nonprofit organizations
- Workers classification as an employee or independent contractors
In the 4 part podcast series Carol discusses:
- Episode #203 Leader mindset and attitudes
- Episode # 204 What do the duties of care and loyalty look like?
- Episode # 205 The duty of compliance with the laws for nonprofit organizations
- Episode #206 Managing records and finances in you homeschool group
Each episode can be found at HomeschoolCPA.com/Podcast.
Handout of the workshop Tips for Homeschool Leaders
Helpful Resources
For more information on the IRS and state filings for your homeschool group, check out these resources
The IRS and Your Homeschool Organization
Does your homeschool group need to pay taxes? Could they avoid paying taxes by being a 501c3 tax exempt organization? Do you know the pros and cons of 501c3 status? Do you know what 501c3 status could mean for your homeschool group?
I have the answers for you in my book The IRS and Your Homeschool Organization. The information I share in my book has been helpful to homeschool support groups,
Podcasts #64 Annual Reports
Podcast #74 Keep up to date with state filings
A helpful webinar on IRS and state-required filings for nonprofit organizations HomeschoolCPA.com/Filings
Carol Topp, CPA
HomeschoolCPA.com
