Grants for Tax Counseling for Seniors
Grants for Tax Counseling for Seniors
The U.S. government offers a number of grants to non profits through a number of its offices. One particular grant offers money for nonprofit establishments to make available counseling to senior citizens to assist with completion of their annual tax returns.
The Internal Revenue Service has allotted $5.1 Million for the 2011 Fiscal Year to aid the Tax Counseling for the Elderly (T.C.E.) Program
The IRS, which operates inside the Treasury Department is approved to enter into agreements with private or non-governmental nonprofit 501c(3)'s which offer coaching and technical guidance to volunteers who provide no cost tax counseling and assistance to older persons who're age 60 or older for the completion of their Federal tax returns.
Grants may be used to compensate volunteers for incidental expenditures including travel, meals and other expenditures incurred by them in providing tax guidance help at spots convenient for the senior citizens.
Through a competitive process, suitable applicant groups and agencies compete for approval to be a Tax Counseling for the Elderly sponsor. These groups have to be a nonprofit business expert in managing volunteer programs, together with understanding of the income tax completion process.
Competent groups may obtain grants to provide regional Counseling Programs. Tax return completion assistance is provided to seniors throughout the traditional Federal Income tax filing period, which can be from the 1st of January to the 15th of April annually. Additionally the counseling activities needed to make sure that senior taxpayers receive effective tax assistance of the highest quality may be carried out throughout the year.
The Cooperative Agreement between the IRS and the not for profit organization defines the functions that the program sponsor and IRS will execute, 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 grant options are available for nonprofit groups that are qualified and satisfy the needed standards.
Organizations presenting an application can elect, if they are focused on being considered for a multi-year T.C.E. grant. Consideration is limited to those candidates that meet all eligibility conditions.
Acceptance by the IRS of an entity to the T.C.E. program for one year does not automatically imply that the group will be approved into the T.C.E. system in ensuing years.
A nonprofit organization that is approved to supply 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 instruction, Web page design and construction and outreach to seniors within their region.
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