What 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!
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.
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.
Your 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.
