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Confused over IRS dollar thesholds for tax exempt filing status
Carol, Two local CPAs we’ve talked with are confused about the $5,000 threshold that you speak of. They talk of a $25,000 threshold. They both seem to think we don’t need to do anything if we are...
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Congratulations to Equip Education on 501(c)(3) status!
Congratulations to Equip Education Ministries, Inc of Miramar, Florida on receiving 501(c)(3) tax exempt status form the IRS! I was happy to help this group become tax exempt and continue serving...
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Better for a homeschool group to file for 501c3 or pay taxes?
I read your book The IRS And Your Homeschool Organization. What a Godsend! I am the director of a small homeschool academy in Missouri. We are in the process of deciding whether to do a 501(c)(3) or...
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What I learned from the IRS that can help homeschool support groups
I attended a phone forum on 501(c)(7) tax exempt social clubs put on by the IRS recently. The IRS didn’t address homeschool support groups specifically, but many homeschool support groups fit the...
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IRS Form 990N Questions
A homeschool group in Florida received a letter from the IRS telling them they failed to file an annual information return, the IRS Form 990N. Oops! Time to hop online and file that Form 990N. Failure...
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IRS requires homeschool support group to have “organizating documents”
(Background: Lisa’s homeschool support group decided to officially declare tax exempt status as a 501(c)(7) social club. Lisa called the IRS to be added to their database so that she could file the...
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What is tax exemption and how do I get it for my homeschool group? Dollars...
In this episode of the Dollars and Sense Show host Carol Topp discusses What is tax exemption and how do I get it for my homeschool group? In this episode, Carol discusses who is eligible for tax...
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IRS has streamlined procedure to get tax exempt status reinstated.
Bloomberg News The Internal Revenue Service building in Washington, D.C. Good news for nonprofits that didn’t know they needed to be filing annual returns with the IRS (Form 990) and lost their tax...
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Homeschool group offering field trips is lost and confused!
We offer field trips, parties, meetups, and classes to homeschoolers. Each person pays us the fee for the field trip or class, and we pay the venue. We do not charge membership fees. Most of our...
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Do you have to file to be tax exempt every year?
Once you file a support group as a 501(c)(7) social club, does the group have to file this exempt paperwork every year? Susan R Susan, An organization applies only ONCE for tax exempt status. But, tax...
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