IRS Form 2848 walkthrough (Power of Attorney and Declaration of Representative)

[@jakofalltrades095]

Can you do a walk through of form 56, and form 56f. And also the fdic poa form?

[@teachmepersonalfinance]

Here are links to videos and articles that I've created for Forms 56 and 56-F: IRS Form 56, Notice Concerning a Fiduciary Relationship
Article: www.teachmepersonalfinance.com/irs-form-56-instructions/ Video: kzbin.info/www/bejne/fILLkoqlnLKcj8U IRS Form 56-F, Notice Concerning Fiduciary Relationship of Financial Institution: Article: www.teachmepersonalfinance.com/irs-form-56-f-instructions/ Video: kzbin.info/www/bejne/a5rCfnigbpp-n7s I have not created any content about the FDIC POA form. Are you talking about Form 7200/16?

[@adifrank]

I'm preparing the tax return (1040) for my parents who are elderly and struggling cognitively. I'm not a tax professional, so I don't have a CAF number of a PTIN. I do my own return and their taxes are simple enough for me to handle, but not sure what to write for CAF No. and PTIN. Do I put my SSN? Leave it blank? or maybe there's a different form I need to fill out?

[@teachmepersonalfinance]

You can fill this form out. Since you're not a paid tax preparer, you don't need to have a PTIN. A CAF number is assigned by the IRS, so this only pertains to people form whom an authorization is on file. You can enter your SSN, and select option (f) in Part II.

[@darriuspatterson2171]

Thanks for the info very helpful...Is it possible to appoint the Treasury as Trustee?

[@teachmepersonalfinance]

I'm not sure what you're talking about. What is your intent?

[@crackinwise18]

Do I need this just to have a CPA do my taxes or only if I am going to be audited?

[@teachmepersonalfinance]

You do not need to use this if you are only expecting your CPA to do your taxes. If you end up being audited, then you would use this to authorize your CPA to represent you in front of the IRS during the audit. Otherwise, your CPA will have a limited opportunity to engage with the IRS on your behalf.

[@crackinwise18]

@@teachmepersonalfinance Thanks for your reply. I just wanted him to do my taxes but he sent me this form as well as an 8821? form. Seems like he trying to get me sign up for more services than what I wanted.

[@battlerealestateinvestment2029]

If you wanted to remove POA from everyone else and wanted to appoint yourself would you mark yourself as a family member or officer?

[@teachmepersonalfinance]

According to the form instructions, this is what you would do: If you want to revoke a previously executed power of attorney and do not want to name a new representative, you must write “REVOKE” across the top of the first page with a current signature and date below this annotation. You must then mail or fax a copy of the power of attorney with the revocation annotation to the IRS, using the Where To File Chart, or if the power of attorney is for a specific matter, to the IRS office handling the matter.

[@marlojoubert7269]

What Whistle blower means on here or pertain to

[@teachmepersonalfinance]

I’m not sure what you’re asking. What are you trying to do?

[@hiraiii777]

Can I appoint a trust as my power of attorney

[@teachmepersonalfinance]

That’s a legal question that I can’t answer, but I don’t think that you would be able to do that.

[@Vicureview]

Well How do I gift to the IRS? I want to do it. Also how you appoint the IRS as a representative or trustee for a court case as workers compensation? Please don’t be generic with your response I read the forms instructions, I want other point of view of someone with really good experience and comprehension share your knowledge and I’ll be happy to gift or donate for it in this channel. Thank you!

[@teachmepersonalfinance]

You can't gift directly to the IRS, but you can make financial contributions directly to the federal government. Here's a link to the Treasury Department page with more details: www.fiscal.treasury.gov/public/gifts-to-government.html I don't believe that you can appoint the IRS as a trustee or a representative for court cases. But if you wish to ask for assistance, then the most appropriate office would be the Taxpayer's Advocate Service. You can go to the TAS website or file IRS Form 911 (see links to additional resources on IRS Form 911 below). However, I highly doubt that you would receive a favorable response in doing this. IRS Form 911, Request for Taxpayer Advocate Service Assistance Article: www.teachmepersonalfinance.com/irs-form-911-instructions/ Video: kzbin.info/www/bejne/e3abYZ2pbKmKjJI

[@DebbieBotkin]

For an S Corp, do you list the owners name or the Corp name in box 1?

[@teachmepersonalfinance]

You would list the corporation's name in Box 1.

[@DebbieBotkin]

@@teachmepersonalfinance Thank you. Do I need to submit 2 form 2848, one under the S Corp and one under the owner, single shareholder?

[@teachmepersonalfinance]

Yes. Since you are a separate tax entity from your S corp, you would have two separate forms.

[@chuyypiroco]

Thank you.