IRS Power Of Attorney and Forms Needed

Article by Legal Forms Bank.biz

An IRS power of attorney allows a person to handle confidential and sensitive tax information and to act on the person’s behalf in regards only to federal tax matters. When giving a person this type of authorization, there are two ways that this can take place. The difference is how much power you plan to give to the person that will be acting on your behalf. You can choose to give them the standard power of attorney, which means that can act on your behalf regarding all tax matters. However, you can also choose to only give them power to access confidential tax information about you, as well as completing your tax filings and tax information.

IRS Form 2848 is the Power of Attorney and Declaration of Representative form that needs to be completed when giving power to another person to act on your behalf with your tax filings. Once it has been completed, the person chosen will be able to receive and go over your tax information. They must be eligible to act on your behalf. There are two parts to the form that grants the power to the person.

The first part is your tax payer must be completed and the person who will be representing you must complete their name and their CAF number. This number is assigned by the IRS to identify representatives acting on another person’s behalf.

The second part is a form that is the declaration of representative. The person acting on your behalf must sign, date and enter how they are allowed to practice under the IRS.

However, there is form 8821 from the IRS which is only a tax information authorization form. It gives a person or corporation power to inspect and receive your tax information. They are allowed the power to receive information from the IRS in regards to your tax information and the specific years that are listed on the form. This form gives limited power to the person or corporation and it does not allow them to represent you to the IRS, executive waves, sign any documents or close any agreements between you and the IRS. You have to file the above form for a person or organization to represent you to the IRS.

Once the forms are completed, they have to either be sent or faxed to the IRS within 60 days of the date that they are signed. You will need to check to see where to send the forms to based on where you live. The IRS have different locations to send forms to, based on your location.

This article was brought to you by Crissi Enger on behalf of Legal Forms Bank.biz where you can download legal forms online. You can download your state’s power of attorney forms at their Website, fill in the blanks on your PC, and then print it out. It’s that simple!

This article was brought to you by Crissi Enger on behalf of Legal Forms Bank.biz, a provider of low cost legal forms. You can download your state’s limited power of attorney form or living will form at their Website, fill in the blanks on your PC, and then print it out. It’s that simple!