Form 8821
ฝัง
- เผยแพร่เมื่อ 1 ธ.ค. 2024
- This video is for uncredentialed tax professionals. If you are a taxpayer that is looking for a way to get your tax transcripts then check out my blog post - How to Get an IRS Transcript Online in 3 Steps .
Form 8821 is a tax information authorization form. It will allow you, the tax professional, to pull a taxpayer's tax transcripts and receive communication. However, it will not allow you to advocate on their behalf and represent them. You can only do that after you become credentialed and fill out Form 2848.
If you're interested in learning more about representing taxpayers let's connect! I'd love for you to subscribe to my website at www.Americasfavoriteea.com.
I'm also on LinkedIn as Timalyn Bowens, EA.
While you're here don't forget to like this video, share with a fellow tax pro, and subscribe to the channel.
❤️Timalyn, America's Favorite EA
Disclaimer: This video is for informational and educational purposes only. It provides a
framework and possible solutions for solving your tax problems, but it is not legally binding. Please consult your tax professional regarding your specific tax situation.
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This video was helpful. Thank you
Hello Timalyn! I am going to be filing an 8821 for a taxpayer/business owner. I am working on ERTC for her and she wants me to receive updates and all notifications on her behalf. I am assisting in the processing of amending the business owners 941's. So we are processing her 941X's. What should my type of tax information be in section A? I was thinking it should be payroll. Thank you!
Employment Tax or Payroll Tax will be suffice. Best wishes!
Thank you so much! Very helpful!
@@Mrsfavoredbyhim you are welcome!
Can a business be listed as a designee (i.e. non-mortgage lender) if they have a CAF number but not a PTIN?
So, for example if Bowens Tax Solutions was listed instead of Timalyn Bowens?
4506T would probably be better if the lender just needed a copy of return transcripts.
@@AmericasFavEA The IRS will be limiting IVES participants using 4506C to mortgage related only requests 6/2024. A lot of companies/lenders will be looking for an alternative for large volume requests and there has been buzz around the 8821 Form being a potential alternative. That's why I ask.
@@StevenHeckmann-v8s interesting. You have captured my interest. Let me look into it.