How do you lead a 501c3 tax exempt home school organization?
It is a business. The
business is tax exempt.
Do you have money moving through your group's
account(s)? You can get tax and accounting information by clicking here.
You impact lots of
business and organizational questions as a leader. Being well intended is great, but do you know "how to run"
the business correctly. It is necessary.
Do you want to expand and protect your group and yourself? Then
answer the questions
correctly. If you'd like some help from people who work with 501(c)(3)'s all the time, sign up
for our FREE emailings here.
How much money could your group and its members save by properly using
your sales tax exempt status? If you'd like to help your members save money, sign up for free
In 2008 the IRS made major
changes in 501c3 tax exempt organization operation and reporting requirements. Because of concerns
for abuse, they made the reporting requirements much more comprehensive, 7 pages v. about 30
Does your 501c3 comply?
You've got people to lead and a business to
Who focuses on running the business?
"How do you answer the basic administrative questions in three areas?"
- Sales Taxes: Does our homeschool group need to pay sales taxes? When do we have to collect sales
- IRS Reporting: In 2008 reporting to the IRS got more complicated. Have your 501c3 by-laws been changed and
does your IRS reporting comply with the new requirements?
- Personnel: Who's answering your volunteer treasurer's questions? If your treasurer leaves, how will you
handle the transition? Sign up for free information.
Every one of these homeschool groups has
specific IRS, sales tax and administrative issues.
- Educational Homeschool Co-op
- State or Regional Homeschool Association
- Homeschool Sports Team
- Homeschool Support Group
- Homeschool Band
- Debate Teams for Homeschoolers
- National Homeschool Organization
WARNING: NINE IRS and SALES TAX QUESTIONS
YOUR HOMESCHOOL GROUP's PRESIDENT AND TREASURER MUST
Is your Treasurer comfortable with their knowledge of the IRS
requirements for your homeschool group?
IRS CHANGE - Does your homeschool group Treasurer know
that the annual IRS filing beginning for the 2008 filing went from about 7 pages to nearly 30
Has your homeschool group board changed your bylaws to comply with the
IRS’s new requirements?
Sales tax exempt purchases can save your homeschool
group money. Do you know how?
The IRS requires an annual filing for some groups. How about
Does your homeschool group know when you have to pay sales
Does your homeschool group know when you have to collect sales
Do you know why the IRS considers the gaming (gambling) industry and
homeschool groups in the same category?
So your homeschool group’s bank account still has someone’s personal
Social Security Number on it. Do they know what they are going to go through if they ever have an IRS
Focus. Do what you know.
Serve homeschoolers, but don't be unencumbered.
What HSLDA has done for the homeschool family in the
legal arena, HSFSA does for homeschool groups in the financial services arena, including dealing with the IRS,
organizational issues, tax filing and sales tax issues.
HSFSA was formed offering administrative help to home school groups all across the
United States of America. HSFSA has been in business since 2003. Our clients in TN, VA, NC have had their questions
answered and they are still with us today.
Did you start working
with your homeschool group to serve home schoolers? Are you being pulled into spending more of your time on
tax compliance and group administrative issues?
HSFSA has an initial activation fee that covers all organization, bylaw revisions,
annual IRS filing, sales tax advice, Treasurer training and limited consultation services; and a monthly account
draft that covers the annual filings with the IRS.
If your homeschool group is ready to form or has questions about how
to properly administer a 501c3 organization, fill out the form now or call
Michael E. Yates at the number above between the hours of 9:00 AM and 5:00 PM Monday through
If you would like to sign up to receive 501c3 operational information
by email, please fill out the secure form. We do not share our list with anyone
else and we don't sell it either.