Grants for Tax Counseling
The U.S. government supplies numerous grants and cooperative agreements via a number of its agencies. One such grant supplies funding for nonprofit agencies to offer counseling to senior citizens to assist with completing their yearly taxation statements.
The IRS has allotted $5.1 Million in the 2011 Budgetary Year to support the Tax Counseling for the Elderly (T.C.E.) Program
The Internal Revenue Service, which functions within the Treasury Department is authorized to initiate accords with private or non-governmental nonprofit 501c(3)’s which provide training and technical guidance to volunteers who provide free of charge tax counseling and assistance to senior citizens who’re age sixty or older for the submission of their tax returns.
Grants may be used to reimburse volunteers for incidental expenditures such as travel, meals and other expenditures incurred by them in offering tax counseling help at places convenient for the senior citizens.
Through a competitive process, appropriate applicant groups and agencies compete for endorsement to be a Tax Counseling for the Elderly sponsor. These groups should be a nonprofit business experienced in managing volunteer programs, along with familiarity with the income tax submission process.
Competent groups can receive funds to provide regional Counseling Programs. Tax return submission help is provided to seniors through the entire customary Federal Income tax submitting period, which is from the 1st of January to the 15th of April every year. On top of that the guidance activities needed to make certain senior taxpayers get effective tax assistance of the highest quality can be conducted throughout the year.
The Cooperative Agreement between the IRS and the not for profit organization defines the tasks that the program sponsor and IRS will perform, the geographical area involved, the maximum amount of funding provided for reimbursement and administrative functions as well as other data.
Starting with the 2011 Tax Counseling for the Elderly Program, multi-year grant opportunities are available for not for profit groups which are qualified and satisfy the needed requirements.
Organizations submitting an application may elect, should they be focused on being considered for a multi-year T.C.E. grant. Consideration is limited to those candidates that satisfy all eligibility conditions.
Approval by the IRS of an organization to the Tax Counseling for the Elderly program for one year does not necessarily imply that the organization is going to be accepted into the T.C.E. system in ensuing years.
A nonprofit group which is accepted to provide Tax Counseling for the Elderly services is responsible for all aspects of running a T.C.E. System which includes, but not restricted to marketing the program, volunteer recruitment and instruction, Website design and construction and outreach to seniors within their region.
To find more information on Tax Counseling for the Elderly and other Government Grants and in particular grants for non profits visit the Top Government Grants Website.
