Carol Topp, the HomeschoolCPA was recently asked if a homeschool co-op had to be a nonprofit?  The homeschool leader, Laura, asked, “Does a homeschool co-op have to be a nonprofit or can it just run using PayPal account to collect insurance and facility fees that get paid doesn’t out again. Is it illegal to not be a nonprofit?”

I understand her confusion. I discuss nonprofit status so often that homeschool leaders wonder if its absolutely necessary.

In this episode of the podcast, Carol explains

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Have questions about nonprofit and tax exempt status? Do you know the difference?

Carol’s book The IRS and Your Homeschool Organization has the answers

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 post Is it illegal to NOT be a homeschool nonprofit? appeared first on Ultimate Homeschool Podcast Network.