Tax Consultation For Seniors Government Grants
Posted on June 21, 2010
Filed Under Income Tax | Leave a Comment
The U.S. government features a number of grants and cooperative agreements to nonprofit organizations and small enterprises from a number of its agencies. One such grant supplies money for nonprofit groups to offer counseling to retirees to help with finishing their own annual taxation statements.
The Internal Revenue Service has allocated $5.1 Million in the 2011 Budgetary Year to aid the Tax Counseling for the Elderly (T.C.E.) Program
The IRS, which operates inside the Treasury Department is authorized to enter into agreements with private or non-governmental public nonprofit 501c(3)’s that will give training and practical guidance to volunteers who offer free of charge tax guidance and assistance to seniors who’re age sixty or older for the submission of their Federal tax returns.
Grants can be used to pay volunteers for incidental expenditures including transportation, meals as well as other expenses incurred by them in offering tax counseling help at locations convenient for the seniors.
Through a competitive approach, applicable applicant groups and agencies vie for approval to become a Tax Counseling for the Elderly sponsor. These groups must be a nonprofit group skilled in managing volunteer services, with knowledge of the tax submission process.
Skilled businesses may receive funds to supply regional Counseling Programs. Tax return completion assistance is furnished to senior-citizens through the entire traditional Federal Tax submitting period, which can be from the 1st of January to the 15th of April every year. In addition the guidance activities required to make sure that senior taxpayers receive reliable tax assistance of the highest quality may be carried out throughout the year.
The Cooperative Agreement between the Internal Revenue Service and the nonprofit group defines the functions that the program sponsor and IRS will execute, the geographical area involved, the maximum amount of funding offered for reimbursement and administrative purposes as well as other data.
Beginning with the 2011 Tax Counseling for the Elderly Plan, multi-year funding options are available for nonprofit organizations that are qualified and match the specified requirements.
Organizations presenting an application can choose, should they be focused on being considered for a multi-year Tax Counseling for the Elderly grant. Consideration is limited to those applicants that satisfy all eligibility requirements.
Acceptance from the IRS of an entity to the T.C.E. program for one year does not necessarily mean that the group will be okayed into the T.C.E. system in ensuing years.
A not for profit group that is approved to offer T.C.E. services is responsible for all aspects of managing a T.C.E. Program which includes, but not limited to marketing the program, volunteer recruitment and instruction, Web page design and construction and outreach to seniors in 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. Check here for free reprint licence: Tax Consultation For Seniors Government Grants.
categories: government grants,grants for non profits,federal grant money,grants.gov,finance,income taxes,tax preparation,personal finance,financial planning,seniors
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