Quick Tips | Filling Out IRS Form 2848: Power of Attorney and Declaration of Representative
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- เผยแพร่เมื่อ 3 ส.ค. 2024
- Need help filling out IRS form 2848? The 2848 can be tricky, but we've got the tips and information you need to successfully file your Power of Attorney and Declaration of Representation.
Get the video transcript here: www.getcanopy.com/blog/video-...
CAF Unit info: www.irs.gov/businesses/small-...
Jeff! Looking good! Great video and thanks for the info.
Exactly what I need to hear and thanks for making it plain 👍🏽
I got this form in the mail which got sent to my moms house and I only used her address for my bankruptcy and it just asks for my signature
Ive filled out the 2848 and my dads tax return. How do I sign the actual return.Do I mail the 2848, my current POA and return to the 2848 address or mail the tax return to it's separate address. Do I have to wait for approval from the IRS before mailing in the tax return? Thanks for the video!
I’m trying to get the CAF number and I sent my 2848 and I didn’t receive no response yet. I need Help with it
What about part II Declaration of Representative?
If you are are a friend; what letter do you put A-R on 2848 form?
So if I'm my dad's POA not his CPA how do I sign his taxes? Do I have to fill out this form?
Hi, is form 2848 be used in the time the owner dies? What happened if the owner of an investment account died?
What if I have more than 3 tax matters to discuss but there's only 3 lines?
Also, for partnerships, make sure the "title" is filled out by the taxpayer/signer. I've had one rejected because there was no title filled in.
Great point. Thanks for the comment Jennifer! Any other forms you would like to see us cover?
Form 2553
For line 3, can you list multiple forms on the same line? For example can you have Issue: Employment ; Form Number: 941, 945, W-2 ; Year: 2016-2020
Great question! Unfortunately each form needs to have its own line, as the filing periods are different (941 quarterly, 940 annually, etc).
I’m a bit confused, is this only for tax professionals? I’m to manage my dads bank accounts under my name and I think I need power of attorney. I’m not a lawyer or anything and have not passed any law exams. In order for me to manage my dads bank account for the union (where he was employed and has benefits), they told me they need proof that I am power of attorney. Is this the form I need to fill out? On line 3 do I talk about how I need this in order to be in control of the benefits my dad is receiving from the union? Thanks
Hi Kevin! Here's an article that you may find helpful: www.investopedia.com/articles/personal-finance/101514/power-attorney-do-you-need-one.asp#how-to-get-a-power-of-attorney-poa
Our video is addressing tax professionals, but the linked article goes over non-tax professional powers of attorney.
am i able to make myself the POA
Question:
If someone is not an Attorney, certified Public Accountant or Enrolled Agent but yearly pass the AFTR Exam. Which of the a-r declared such AFTR completion or passed individual that help people prepared their taxes on form 2484.
Hi! According to IRS Form 2848 instructions, unenrolled tax preparers (someone who passes the AFTR Exam but is not a CPA, EA, or attorney) has the following representation restrictions if they fill out Form 2848: "Unenrolled return preparers
may only represent taxpayers before revenue agents, customer
service representatives, or similar officers and employees of the
Internal Revenue Service (including the Taxpayer Advocate
Service) during an examination of the tax period covered by the
tax return they prepared and signed (or prepared if there is no
signature space on the form). Unenrolled return preparers
cannot represent taxpayers, regardless of the circumstances
requiring representation, before appeals officers, revenue
officers, attorneys from the Office of Chief Counsel, or similar
officers or employees of the Internal Revenue Service or the
Department of the Treasury. Unenrolled return preparers cannot
execute closing agreements, extend the statutory period for tax
assessments or collection of tax, execute waivers, execute
claims for refund, or sign any document on behalf of a taxpayer."
what form can tax prepare file with IRS to become enrolled actuary and can such level represent his client or which way to go in this case.
Hi! It requires passing a Special Enrollment Exam. You can learn more in this article: www.getcanopy.com/blog/how-to-become-an-enrolled-agent
can i use form 2848 for a family member who has cerebral palsy and is 18 years old??
I'm having problems filling this out because I'm a little confused about 5a
I already have power of attorney but I guess you have to fill this form out as well so if somebody can help me out with 5A I would really appreciate it I don't know what to put there.
I have to mail the send because of a qualifying dependent that I'm claiming which is my daughter because I have supported her all year long even though she's married her husband is in the military and he is not supporting her I am so because her social was recognized once in the system it's bouncing me back to I have to mail mine in crap
otherwise it would have been as simple as electronically filing and I wouldn't be dealing with this garbage right now.
Hi Debbie, this is a very unique circumstance. We cannot say for certain from the information you have provided that 5a is applicable to your situation. It's important to note that Canopy does not offer any official tax advice, therefore we highly recommend sourcing a CPA or tax professional to ensure the utmost correctness of your form.
Can you use this for family member (immediate family)?
Yes! Form 2848 can be used to represent an immediate family member. On page 2, the person would select classification "F".
If I am representing a deceased tax filer who is applying for an ITIN and filing 1040NR together, can I submit this form in the same package?
Great question! This is trickier and not very common. Our thinking is yes you can file the 2848 with Form W-7 and Form 1040NR. In general, (there are a handful of exceptions), you cannot apply for an ITIN without filing a tax return along with the application. So if a taxpayer is deceased, and applying for an ITIN, you should be able to file a power of attorney as well.
Canopy, Thank you for your reply. The matter is further complicated by the fact that the decedent is a foreigner and has to file a tax return to get a refund because he sold real estate and taxes were withheld. Any chance I can discuss this with you?
Ellen Ng
Ellen. This definitely is a unique situation! It's important to note that Canopy does not offer any official tax advice, but after putting our heads together, its our understanding that the decedents representative will provide the CPA (tax preparer/representative) the 2848 and will fill out form W-7 to apply for an ITIN for the decedent. Once the CPA has these two forms then you can proceed with preparing the Form 1040NR. Once the 1040NR is prepared the decedents representative will need to sign the return and send the paper copy of the return to the IRS along with the form W-7. One difficult part of the process will be getting the W-7 documents needed. For example, the IRS requires the original or certified copy of the passport from the issuing agency to be sent in with the W-7 (ITIN application) to the IRS. The IRS will then send the original/certified passport back to the decedents representative after approval. For more instructions on form W-7 see the following website: www.irs.gov/pub/irs-pdf/iw7.pdf Good luck!
Canopy, thanks. Everything that you suggested has already been done. There are a few more complications that I will not disclose here, but we will hope for the best outcome.
Do I need to fill this form out or any form to file taxes for my brother who is incarcerated (he worked for help the year before being incarcerated), I have power of attorney.
Hi! If you already have Power of Attorney for your brother then you can file his taxes, you wouldn't need to fill out this form again.
@@getcanopy Hello i have somewhat of the same question I have power of attorney thru a jail form that was given to my boyfriend it states that I can handle all financial etc matters a notary signed it will that be accepted , My Bf is trying to receive his stimulus payment thru a 1040 form.
You is in my shoes as well..The irs wants him to vertify his identity. How thou. He is lock up
@@s_xoo5002 I did my bf 1040 an he inconcerated an he got a letter stating a 2848 form an we don’t no what to do but he say he will call them tomorrow
@@TheTamabur5 I’m with u all but my bf say he gonna call them tomorrow wat did u all do?
If the entity is a partnership, the form must be signed by one of the partners, and the title should be "member" or "partner." This is the case even if the signer is a representative of a corporate partner, even though calling such person a "member" or "partner" is factually untrue.
Right! Thanks for the tip.
can i use this for my boyfriend who cannot file taxes?
Hi! You can file your boyfriend's tax return on his behalf as long as he provides his signature. You can also file a Form 8821 to access his tax information if he provides his signature. Either way, you won't need to file a Form 2848. This form is only available in specific cases.
How do I get a CAF number for my business?
Hi Timothy! You can get a CAF number by submitting Form 2848 or 8821 to the IRS and writing “None” in the space designated for the CAF number. The IRS will send you a CAF number within a few weeks.
Cover Form 2553
Thanks for the suggestion Cristobal! We will add it to the list.
......and Form 8832
Cristobal, We wanted to let you know that we have taken your suggestion to heart and now have a Form 2553 video on our channel. We hope you can check it out!
th-cam.com/video/Pa4_J-T3qJ0/w-d-xo.html
8820 Orphan Drug Credit , ITS NOT A SIMPLE FORM FOR AUTHORIZATION OF CLIENT INFORMATION
Thanks for the comment. The form that we are referencing is the 8821, not the 8820.