Government Grants for Tax Counseling for the Elderly
The government supplies quite a few grants to non profits from nearly all its agencies. One such grant gives money for nonprofit establishments to make available counseling to seniors to assist with completing their yearly taxation statements.
The IRS has allocated $5.1 Million in the 2011 Fiscal Year to support the Tax Counseling for the Elderly (T.C.E.) Program
The Internal Revenue Service, which operates inside the Treasury Department is authorized to initiate contracts with private or non-governmental public nonprofit 501c(3)’s that will deliver training and practical assistance to volunteers who provide no cost tax guidance and aid to seniors who are age 60 or older for the submission of their Federal tax returns.
Grant funding may be applied to compensate volunteers for incidental expenses including travel, meals and other expenditures incurred by them in offering tax guidance help at places convenient for the seniors.
Through a competitive procedure, suitable candidate organizations and agencies compete for approval to become a T.C.E. sponsor. These groups have to be a nonprofit business experienced in coordinating volunteer programs, with familiarity with the income tax completion process.
Qualified businesses can acquire funds to offer regional Counseling Programs. Tax return completion assistance is offered to senior-citizens through the entire traditional Federal Tax filing timeframe, which is from the 1st of January to the 15th of April every year. On top of that the guidance activities required to make sure that senior-citizen taxpayers get effective tax assistance of the best quality may be performed throughout the year.
The Cooperative Agreement between the Internal Revenue Service and the nonprofit group defines the tasks that the program sponsor and Internal Revenue Service will execute, the geographical region involved, the maximum amount of financing offered for reimbursement and administrative functions as well as other data.
Commencing with the 2011 T.C.E. Plan, multi-year funding opportunities are available for not for profit groups which are qualified and meet the specified requirements.
Groups presenting an application can elect, should they be interested in being considered for a multi-year Tax Counseling for the Elderly grant. Consideration is limited to those candidates that meet all eligibility standards.
Acceptance from the Internal Revenue Service of an entity to the Tax Counseling for the Elderly program for one year will not automatically imply that the organization is going to be okayed into the T.C.E. system in ensuing years.
A not for profit organization which is accepted to provide Tax Counseling for the Elderly services is responsible for all aspects of running a T.C.E. Program including, but not limited to marketing the program, volunteer recruitment and training, Website design and construction and outreach to senior citizens within their region.
For additional information on Tax Counseling for the Elderly and other Government Grants and in particular grants for non profits visit the Top Government Grants Website.