The government supplies a number of grants and cooperative agreements to nonprofit organizations and business owners through a great many of its departments. One particular grant supplies money for nonprofit organizations to offer counseling to seniors to assist with completion of their own annual tax returns.
The IRS has allocated $5.1 Million in the 2011 Fiscal Year to aid the Tax Counseling for the Elderly (T.C.E.) Program
The Internal Revenue Service, which operates within the Treasury Department is authorized to enter into agreements with private or non-governmental public nonprofit 501c(3)’s that provide training and practical advice to volunteers who deliver cost-free tax guidance and aid to older persons that are age 60 or older for the completion of their U.S. tax returns.
Grants may be used to compensate volunteers for incidental expenditures such as travel, meals as well as other expenditures incurred by them in providing tax counseling help at locations convenient for the older persons.
Through a competitive process, appropriate candidate groups and agencies compete for approval to become a T.C.E. sponsor. These organizations should be a not for profit business expert in managing volunteer services, together with familiarity with the income tax submission process.
Skilled organizations may obtain grants to offer regional Counseling Programs. Tax return completion assistance is furnished to seniors throughout the traditional Federal Income tax filing period, which is from the 1st of January to the 15th of April every year. Additionally the advising activities needed to make certain senior taxpayers get reliable tax assistance of the best quality can be performed throughout the year.
The Cooperative Agreement between the Internal Revenue Service and the not for profit organization defines the functions that the program sponsor and Internal Revenue Service will perform, the geographical region involved, the maximum amount of funding provided for reimbursement and administrative functions as well as other data.
Beginning with the 2011 T.C.E. Plan, multi-year funding opportunities are available for nonprofit organizations which are qualified and fulfill the needed criteria.
Organizations submitting an application may elect, should they be interested in being considered for a multi-year T.C.E. grant. Consideration is limited to those candidates that satisfy all eligibility standards.
Approval from the IRS of an organization to the T.C.E. program for one year will not automatically mean that the group is going to be okayed into the T.C.E. program in ensuing years.
A not for profit organization that is accepted to offer T.C.E. services is responsible for every aspect of managing a T.C.E. Program which includes, but not limited 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.
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