Quick Tips | Filling Out IRS Form 8821: Tax Information Authorization

Need help filling out IRS form 8821? The 8821 can be tricky, but we've got the tips and tricks you need to make sure your tax information authorization gets approved the first time.

[@esayasayele4862]

WOW, YOU SAVE ME. Thanks

[@getcanopy]

Glad you found the video helpful!

[@MrBonerinthewind]

great stuff. How do you dispute the lien and NOT pay it. and get the withdraw

[@marian.halosta]

Thanks, very helpful tutorial. If I formed LLC in Delaware, I need to submit Form 8821 to purchase products from my wholesale supplier?

[@priscillaudave4254]

Thanks for the video very helpful. I always get stuck on Column D so from now on i will put Not applicable since i only need transcript access

[@getcanopy]

Glad you found the video helpful!

[@skyweasel1]

I do books for a small business and need to discuss an issue with the IRS. They say only the president of the company can speak to them and I should do this form. Is this really true? It just adds a layer of difficulty that neither the pres or I want to deal with.

[@katemaier2669]

Hi I was wondering if you could help me ASAP
what do I put in section 3 'tax information' if I just want to use the 8821 to obtain one specific letter, namely the 147c letter from the IRS.

[@scoleman9848]

Thanks for the video. How long does it usually take after I file the form to get Form 8821 approved so I can receive transcript information for my client?

[@getcanopy]

Hi! You can expect it to take about 2 weeks. If you need to get information quicker, you can call the practitioner priority line and fax the 8821 while on the phone with the IRS employee. tel:[phone]

[@joycejones7706]

My grandson is in Prison The IRS will not talk to me so I need some thing for him to sign giving me the authority to talk to them on his behalf

[@tonischmidt5319]

What does section 4 - 'Specific use not recorded on CAF' mean? And why, if I check that box, can I NOT check either option in section 5 'Disclosure of Tax Information'?

[@getcanopy]

Hi Toni. According to the IRS, "Generally, the IRS records all tax information authorizations on the CAF system. However, authorizations relating to certain issues aren’t recorded." Examples of specific uses not recorded include: 1) Requests to disclose information to loan companies or educational institutions, 2) Requests to disclose information to federal or state agency investigators for background checks, 3) Requests for information regarding forms such as Form 2553, W-4, 843, etc, 4) and more. You can find a more complete list on the Form 8821 Instructions. The instructions can also provide more information about Section 5, but in general, if you submit Form 8821 for a reason outlined in Section 4, the IRS will not have a record of your authorization on file for future use, including disclosure of tax information.

[@getcanopy]

You can find the IRS instructions here: www.irs.gov/pub/irs-pdf/i8821.pdf

[@lovesongst-c3168]

Do you need to fill out form 8821 for a slip ànd fall lawsuit and why?

[@jayheller7675]

How would you complete line 3 in order to then complete Form SS-4?

[@getcanopy]

Hello! While we are an accounting industry-adjacent business and have a lot of knowledge about the tax world, it's important to note that Canopy does not offer any official tax advice, and we highly recommend sourcing a CPA or tax professional to ensure the utmost correctness of your form.

[@michaeljohn7467]

If i sale a meteorite i found for 80,000 dollars, is this part of my income i made that year? Do i have to pay taxes on it or is this tax free money i made that year?

[@getcanopy]

Hi! We recommend double checking with a tax professional, but most likely the meteorite would fall under sold goods. Sold goods don't fall under taxable income if you sell them for less than their original value. If you sell them for more than their original cost then you have to pay taxes on the surplus as capital gains.

[@michaeljohn7467]

@@getcanopy ok

[@prolinetax3641]

Please review Form 12153 and Form 9423

[@getcanopy]

Thanks for the suggestion. We will add them to our list!

[@pigeonracer10]

I have this form in front of me and watched this video. I didn't find it useful AT ALL

[@getcanopy]

Hi there, it's important to note that Canopy does not offer any official tax advice, and we highly recommend sourcing a CPA or tax professional to ensure the utmost correctness of your form. Maybe you will find the IRS Instructions useful: www.irs.gov/instructions/i8821

[@pigeonracer10]

@@getcanopy No one asked you for tax advice. Your video is labeled "Quick Tips" and there were no useful tips. Before you suggested it, I went to the IRS instructions and found that more useful than this video