Government Grants for Tax Counseling for Seniors
The U.S. government supplies many grants from a number of its agencies. One particular grant supplies funds for nonprofit groups to make available counseling to seniors to aid with completing their own yearly taxation statements.
The Internal Revenue Service has designated $5.1 Million in the 2011 Fiscal Year to guide the Tax Counseling for the Elderly (T.C.E.) Program
The IRS, which functions within the Treasury Department is approved to initiate agreements with private or non-governmental public nonprofit 501c(3)’s which deliver coaching and technical guidance to volunteers that deliver no cost tax counseling and assistance to seniors who are age sixty or older for the completion of their U.S. tax returns.
Grants can be applied to compensate volunteers for incidental expenditures including transportation, meals as well as other expenses borne by them in offering tax guidance help at spots convenient for the senior citizens.
Through a competitive procedure, suitable applicant organizations and agencies compete for endorsement to become a Tax Counseling for the Elderly sponsor. These groups must be a not for profit organization expert in coordinating volunteer programs, together with familiarity with the income tax submission process.
Skilled groups can obtain grants to offer regional Counseling Programs. Tax return submission assistance is furnished to senior-citizens throughout the customary Federal Tax filing period, which can be from the 1st of January through the 15th of April annually. In addition the counseling activities needed to make certain senior-citizen taxpayers receive useful tax assistance of the highest quality may be performed throughout the year.
The Cooperative Agreement between the IRS and the not for profit organization specifies the functions that the program sponsor and IRS will execute, the geographical area involved, the maximum amount of financing provided for reimbursement and administrative functions as well as other data.
Commencing with the 2011 T.C.E. Program, multi-year grant options are available for not for profit groups which are qualified and satisfy the needed standards.
Organizations presenting an application may choose, if they are interested in being considered for a multi-year T.C.E. grant. Consideration is restricted to those applicants that meet all eligibility standards.
Approval by the IRS of an entity for the Tax Counseling for the Elderly program for one year will not necessarily imply the group will be accepted into the T.C.E. program in following years.
A nonprofit group which is approved to offer Tax Counseling for the Elderly services is responsible for every aspect of operating a T.C.E. System including, but not limited to marketing the program, volunteer recruitment and training, Website design and construction and outreach to senior citizens within their region.
To look for 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.