Small Business Grants for Tax Counseling for the Elderly
The federal government offers various grants and cooperative agreements from a number of its agencies. One such grant gives money for nonprofit agencies to offer counseling to retirees to help with finishing their annual taxation statements.
The Internal Revenue Service has allotted $5.1 Million for the 2011 Fiscal Year to support the Tax Counseling for the Elderly (T.C.E.) Program
The IRS, which operates within the Treasury Department is authorized to initiate contracts with private or non-governmental public nonprofit 501c(3)’s which offer training and technical guidance to volunteers that offer no cost tax counseling and aid to older persons that are age sixty or older for the submission of their Federal tax returns.
Grants can be used to compensate volunteers for incidental expenses such as travel, meals and other expenses incurred by them in giving tax guidance help at locations convenient for the seniors.
Through a competitive procedure, suitable applicant groups and agencies vie for endorsement to be a T.C.E. sponsor. These organizations must be a not for profit group skilled in coordinating volunteer services, together with familiarity with the income tax completion process.
Skilled businesses can acquire grants to supply regional Counseling Programs. Tax return submission assistance is furnished to seniors through the entire traditional Federal Tax submitting period, which can be from the 1st of January through the 15th of April annually. Additionally the counseling activities required to ensure that senior-citizen taxpayers get reliable tax assistance of the best quality can be performed throughout the year.
The Cooperative Agreement between the IRS and the nonprofit organization specifies the functions that the program sponsor and IRS will perform, the geographical region involved, the maximum amount of funding provided for reimbursement and administrative purposes as well as other data.
Starting with the 2011 Tax Counseling for the Elderly Plan, multi-year grant options are available for nonprofit organizations which are qualified and fulfill the needed criteria.
Groups 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 applicants that meet all eligibility requirements.
Approval from the Internal Revenue Service of an organization to the T.C.E. program for one year does not necessarily mean that the organization will be approved into the T.C.E. system in ensuing years.
A not for profit group which is approved to supply T.C.E. services is responsible for every aspect of running a T.C.E. Program including, but not restricted to marketing the program, volunteer recruitment and training, Web page design and construction and outreach to seniors 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.
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