CPAs, EAs, tax professionals and other financial experts involved in IRS communications and client representation
Learning 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.
Major Topics
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.
