Fri 10 Sep, 2010
The federal government supplies various grants to non profits from many of its departments. One particular grant delivers funding for nonprofit agencies to make available counseling to retirees to assist with finishing their annual tax returns.
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 operates inside the Treasury Department is authorized to initiate accords with private or non-governmental nonprofit 501c(3)’s that deliver instruction and technical assistance to volunteers that offer free of charge tax guidance and assistance to senior citizens who’re age 60 or older for the submission of their tax returns.
Grants can be used to pay volunteers for incidental expenses such as transportation, meals and other expenditures incurred by them in giving tax counseling help at places convenient for the older persons.
Through a competitive process, suitable applicant groups and agencies vie for acceptance to be a T.C.E. sponsor. These organizations should be a nonprofit organization experienced in managing volunteer programs, with knowledge of the income tax submission process.
Competent groups can receive grants to offer regional Counseling Programs. Tax return submission help is provided to seniors through the entire customary Federal Tax submitting timeframe, which is from the 1st of January through the 15th of April annually. Additionally the counseling activities required to make certain senior-citizen taxpayers get reliable tax assistance of the best quality can be carried out throughout the year.
The Cooperative Agreement between the IRS and the not for profit group defines the functions that the program sponsor and IRS will execute, the geographical area involved, the maximum amount of financing offered for reimbursement and administrative purposes as well as other data.
Commencing with the 2011 T.C.E. Program, multi-year grant opportunities are available for not for profit groups that are qualified and meet the specified standards.
Organizations presenting an application may choose, 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.
Approval from the IRS of an organization for the T.C.E. program for one year will not necessarily imply the organization will be accepted into the T.C.E. system in ensuing years.
A nonprofit group that is approved to provide Tax Counseling for the Elderly services is responsible for every aspect of managing a T.C.E. System which includes, but not limited to marketing the program, volunteer recruitment and training, Web page design and construction and outreach to seniors in their region.
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.
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