Government Grants for Tax Counseling
The U.S. government features quite a few grants via a number of its offices. One particular grant gives money for nonprofit agencies to make available counseling to seniors to assist with finishing their own annual tax returns.
The IRS has allotted $5.1 Million for the 2011 Budgetary Year to support the Tax Counseling for the Elderly (T.C.E.) Program
The IRS, which functions within the Treasury Department is approved to enter into contracts with private or non-governmental public nonprofit 501c(3)’s that deliver instruction and technical advice to volunteers who deliver free of charge tax counseling and aid to senior citizens who are age 60 or older for the completion of their Federal tax returns.
Grant funding may be used to reimburse volunteers for incidental expenses such as travel, meals as well as other expenditures incurred by them in providing tax guidance help at spots convenient for the senior citizens.
Through a competitive procedure, suitable candidate organizations and agencies vie for acceptance to be a Tax Counseling for the Elderly sponsor. These organizations should be a not for profit business expert in managing volunteer services, together with understanding of the income tax submission process.
Skilled groups may receive funds to supply regional Counseling Programs. Tax return submission assistance is offered to seniors throughout the customary Federal Income tax filing timeframe, which is from the 1st of January to the 15th of April annually. Additionally the guidance activities required to ensure that senior taxpayers receive useful tax assistance of the highest quality can be conducted throughout the year.
The Cooperative Agreement between the IRS and the nonprofit organization defines the functions that the program sponsor and Internal Revenue Service will perform, the geographical region involved, the maximum amount of financing offered for reimbursement and administrative functions as well as other data.
Starting with the 2011 T.C.E. Plan, multi-year funding opportunities are available for not for profit groups which are qualified and satisfy the needed requirements.
Organizations submitting an application can choose, 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 from the IRS of an entity for the Tax Counseling for the Elderly program for one year will not necessarily mean that the group is going to be accepted into the T.C.E. system in ensuing years.
A nonprofit organization that is accepted to supply Tax Counseling for the Elderly services is responsible for every aspect of operating a T.C.E. Program including, but not limited to marketing the program, volunteer recruitment and instruction, Website design and construction and outreach to senior citizens in 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.
Tags: counseling, federal income tax filing, federal tax returns, government, income tax filing, IRS, nonprofit 501c, T.C.E, T.C.E. Plan, T.C.E. Program, tax, U.S.
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