How can we change the contact name on our EIN?

How Can We Change the Contact Name on our EIN?When you apply for an Employer Identification Number with the IRS, you had to give a responsible party’s name and Social Security Number. Now that person is stepping down. How do you change the responsible party’s name on your EIN? Carol Topp, CPA explains how in this short podcast.

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

Money Management for Homeschool Organizations

A Guide for Treasurers

Does your homeschool group manage their money well? Do you have a budget and know where the money is spent? Do you know how to prevent fraud? This 115 page book will help you to open a checking account, establish a budget, prevent mistakes and fraud, use software to keep the books, prepare a financial statement and hire workers. Sample forms and examples of financial statements in clear English are provided.

Click Here to request more information!

Should my homeschool group be a nonprofit or a for-profit business?

Should my homeschool group be a nonprofit or a for-profit business?A woman asks if her Classical Conversations homeschool program should be a for-profit business or a nonprofit organization. Carol Topp, CPA explains the four differences between for-profit and nonprofits.

 

Visit Carol’s website here!

 

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

 

Phone Consultation with Carol Topp, CPA

Phone Consultation: A pre-arranged phone call to discuss your questions. My most popular service for homeschool leaders. It’s like having your own homeschool expert CPA on the phone!

Cost: $75/hour to nonprofit organizations.  $100/hour to for-profit businesses. $60 minimum.

Q &A by Email:  I am willing to answer questions by email, but it is very time consuming to read and reply to emails. I charge a reduced rate of $50/hour to read and reply to emails. Minimum $25.

Contact HomeschoolCPA, Carol Topp, CPA, to arrange a telephone consultation.

Click Here to request more information!

 

How to Self Declare Tax Exempt Status

How to Self Declare Tax Exempt StatusYour homeschool group can have tax exempt status without applying with the IRS. Want to know how? In this short podcast, Carol Topp, CPA, the HomeschoolCPA, tells you how to self declare tax exempt status and keep all of your surplus for your group, and not pay the IRS.

Visit Carol’s website here!

 

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

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, co-ops, music and sports groups and will help you understand:

  • The benefits of 501c3 status
  • The disadvantages too!
  • What it takes to make the IRS happy
  • What your state requires
  • Why your organization should consider becoming a nonprofit corporation
  • What is the difference between nonprofit incorporation and tax exemption
  • IRS requirements after you are tax exempt

Click Here to request more information!

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Keep Up To Date on State Filings for Your Homeschool Nonprofit

Keep Up To Date On Your State Filings for your Non Profit Group

Most homeschool leader know that they need to report annually to the IRS, but did you know that there are probably filings to do in your state every year? Carol Topp, the HomeschoolCPA, discusses the most common state reports that homeschool nonprofit organizations need to file.

Visit Carol’s website here!

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

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, co-ops, music and sports groups and will help you understand:

  • The benefits of 501c3 status
  • The disadvantages too!
  • What it takes to make the IRS happy
  • What your state requires
  • Why your organization should consider becoming a nonprofit corporation
  • What is the difference between nonprofit incorporation and tax exemption
  • IRS requirements after you are tax exempt

Click Here to request more information!

What Homeschool Leaders Don’t Know About IRS Annual Reports

IRS Annual ReportsWhat Homeschool Leaders Don’t Know About IRS Annual Reports

Carol Topp, CPA, the HomeschoolCPA will share tips on important issues that homeschool leaders may not know about IRS Annual Report. This episode will focus on helping homeschool leaders understand a report that the IRS requires from all tax exempt organizations–including your group! It’s called the Form 990.

Visit Carol’s website here

 

 

 

 

 

 

 

 

 

FEATURED SERVICE from HomeschoolCPA:

 

Preparations of Annual Return for IRS 

 

Preparing the Form 990/990-EZ Annual Information Return for the IRS and your State.

The Form 990/990-EZ is due 4 1/2 months after the end of your fiscal year.

Involves several telephone calls and e-mails and copy of your financial statements (a QuickBooks file is preferred).

 

Buying Peace of Mind

A review of forms you have prepared yourself. Save money by doing much of the work yourself. I will review Forms 1023 or Annual Form 990 and offer my opinion and advice.

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Wow Carol!  Thanks so much – just the info you provided here is very helpful.  I look forward to speaking with you as I’m anxious to get started, but I want to do so in the best and most efficient way.  This is new territory for me – so I truly appreciate your guidance!

-Laine Discepoli, Glendale, OH

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QuickBooks Set Up and Training

Setting up a QuickBooks Chart of Accounts unique to your homeschool organization.    (Your organization needs to buy their own copy of QuickBooks)

Click Here to request more information!

 

 

 

 

What Homeschool Leaders Don’t Know About Tax Exempt Status

Tax Exempt Status


What Homeschool Leaders Don’t Know About Tax Exempt Status

Carol Topp, CPA, the HomeschoolCPA, will share tips on important issues that homeschool leaders may not know about. This episode will focus on helping homeschool leaders understand tax exempt status. It’s easier than ever to get tax-exempt status. Should your group apply?

Visit Carol’s website here

 

 

 

 

 

 

 

 

FEATURED SERVICE from HomeschoolCPA:

 

Tax Exempt for Small Nonprofit Organization

 

Contact HomeschoolCPA, Carol Topp, CPA, to arrange for assistance in applying for 501(c)(3) tax exempt status.  This service involves several telephone calls and e-mails.

  •  IRS Streamlined Form 1023-EZ Application
  • Full 501(c)(3) Application
  • Full 501(c)(4) or 501(c)(7) Application
  • State filings
  • Review of Self Prepared Application

Click Here to request more information!

 

 

 

 

What Homeschool Leaders Don’t Know About NonProfit Status

What Homeschool Leaders Don't Know About Non-Profit Status

What Homeschool Leaders Don’t Know About NonProfit Status

Carol Topp, CPA, the HomeschoolCPA will share tips on important issues that homeschool leaders may not know about. This episode will focus on helping homeschool leaders understand nonprofit status for their groups. What does it take to be a nonprofit? Only two things! Did you know that nonprofit status is not the same thing as tax exempt status?

Visit Carol’s website here

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

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, co-ops, music and sports groups and will help you understand:

  • The benefits of 501c3 status
  • The disadvantages too!
  • What it takes to make the IRS happy
  • What your state requires
  • Why your organization should consider becoming a nonprofit corporation
  • What is the difference between nonprofit incorporation and tax exemption
  • IRS requirements after you are tax exempt

Click Here to request more information!

 

 

 

 

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