“Navigating IRS Form 2848: Your Step-by-Step Guide to Granting Power of Attorney”

Granting power of attorney (POA) to someone allows them to act on your behalf regarding tax matters with the IRS. Form 2848, also known as the Power of Attorney and Declaration of Representative, is the official form used to grant such authority. This article guides you step-by-step through the process of completing and submitting IRS Form 2848.

What is IRS Form 2848?

IRS Form 2848 allows you to designate an representative—like a tax professional or trusted advisor—to handle various tax matters on your behalf. This form can be utilized for:

Communicating with the IRS

Filing tax returns

Receiving confidential tax information

Step-by-Step Guide to Completing Form 2848

Step 1: Download the Form

Start by downloading IRS Form 2848 from the IRS website.

Step 2: Provide Your Information

In Part 1 of the form, you’ll need to provide your details, including:

Your name

Your address

Your Social Security Number (SSN) or Employer Identification Number (EIN)

Step 3: Designate Your Representative

In Part 2, list the individual or entity you are granting power of attorney to. Include:

Name of the representative

Address

Phone number

Law firm or company, if applicable

Step 4: Specify the Tax Matters

In Part 3, detail the tax matters for which you are granting authority. This can involve:

Specific tax forms (e.g., Form 1040, 1120, etc.)

Tax periods (e.g., 2020, 2021)

Step 5: Authorization Signatures

In Part 4, you and your representative will need to sign and date the form. Ensure all required fields are filled out accurately to avoid processing delays.

Step 6: Submit the Form

Once completed, submit Form 2848 to the appropriate IRS office. This can typically be done via mail or, in some cases, fax. Check the IRS website for the correct submission address or fax number.

Important Considerations

When granting power of attorney, keep the following in mind:

Your representative’s authority expires when you revoke it or upon your death.

It’s advisable to inform your representative about your tax situation comprehensively to allow them to act effectively.

Conclusion

IRS Form 2848 is a valuable tool to ensure that your tax matters are handled professionally when you cannot do so yourself. By following this step-by-step guide, you can navigate the process smoothly and avoid common pitfalls. Always remember to keep a copy of the submitted form for your records.