Navigating IRS Authorizations: Form 2848 & Form 8821

Overview

Providing a practical overview of the IRS Power of Attorney, Form 2848, and IRS Tax Information Authorization, Form 8821. Participants will explore the differences between these forms, understand when each is required, and how to comply with IRS requirements for representing clients and accessing their tax information. The course will cover practical issues, ethical considerations, and best practices for managing client authorizations through the IRS Centralized Authorization File (CAF) system.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Prerequisites

None

Objectives

After attending this presentation, you will be able to...

• Distinguish between the authorities granted by Form 2848 and Form 8821.
• Identify situations where a Power of Attorney is required for IRS representation.
• Analyze limitations imposed by IRS rules on the authority granted through these forms.
• Evaluate common mistakes and compliance risks when filing Forms 2848 and 8821.
• Utilize of the IRS Centralized Authorization File (CAF) system for managing authorizations.

Highlights

The major topics that will be covered in this course include:

• Overview of IRS Power of Attorney (POA) rules.
• Form 2848: Authority to Represent Clients before the IRS.
• Form 8821: Accessing Tax Information Without Representation.
• Identifying errors and compliance risks in POA filings.
• Rules for revoking or updating POA authorizations.
• Managing authorizations through the CAF system.
• Electronic submissions and the IRS online authorization process.
• Ethical responsibilities when holding a POA.