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Handling funds for big events in our homeschool organization
Hi Carol, I’m the Treasurer for our local Home School Co-op and we are in the process of implementing some policy and procedures. My question is: What would be an effective policy for the handling of...
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New homeschool group wants to avoid paying taxes
I’m heading up a small group of about 20 homeschooling families. We may grow a bit, but we are in a small town, so I can’t imagine we’d ever be over 40 families big. I’ve also set up a website and...
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Are homeschool co-op teachers employees?
A homeschool co-op treasurer asks about the tax filings for paid teachers: Hi,I am the treasurer for a new co-op we have setup this summer, and will be starting our class days in the beginning of...
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Banker wants original IRS letter to open a checking account
Hi Carol, At your leader meeting a few months back, you had recommended that all of our groups have the same EIN number. When a group leader tried to change their account to one using our EIN, the...
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Is it a homeschool co-op or Mary Poppins?
I started my website HomeschoolCPA to help homeschool organizations, but sometimes the lines between a family homeschool and a homeschool organization get a little fuzzy. Here’s one example of the new...
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Have we hit the $5,000 mark for gross receipts limit?
Carol, I am trying to do some research on the tax exempt status for our homeschool group and cannot find a clear answer. We are trying to see if we have hit the $5,000 gross receipts limit. Would...
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Can a non-parent homeschool your children? Is that legal?
Dear Ms. Topp, I found your website while trying to research information on hiring a private homeschool instructor for a friend of mine. She’s a single parent who adopted a girl from Russia. She’s...
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The Disadvantages of Homeschool Co-ops (video)
I love and encourage homeschool co-ops (I even wrote a book about them!), but, like marriage, it’s best if you know the disadvantages of joining a homeschool co-op. Here’s a clip from my presentation...
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Is your homeschool group’s hired teacher really an employee?
A homeschool nonprofit was quite frantic. They had received a letter from the IRS. It seems that a former teacher of one of their classes was asking for an examination of her status as an...
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Manage a checking account properly for your homeschool group
We have always had a checking account under a parent’s name. We were adding a name to our account this year when the bank informed us we can no longer do this and we need to have our own Tax ID...
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