Get Form 3848

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.

Tax preparers can obtain power of attorney if they intend to represent the taxpayer before the IRS, but the report suggests some tax professionals are doing so only to get documents quickly and without the taxpayer's knowledge. ... Periodically review its policies for giving tax professionals e-services access; and.

A financial power of attorney is a document allowing someone (the attorney-in-fact or agent ) to act on the principal's behalf. It normally allows the attorney-in-fact to pay the principal's bills, access his accounts, pay his taxes, buy and sell investments or even real estate.

Use Form 2848 to authorize an individual to represent you before the IRS. The individual you authorize must be a person eligible to practice before the IRS. ... Your authorization of a qualifying representative will also allow that individual to receive and inspect your confidential tax information.

Until an attorney-in-fact's powers are properly revoked, they can continue to legally act for the principal. To cancel a Power of Attorney, the principal can create a document called a Revocation of Power of Attorney or create a new Power of Attorney that indicates the previous Power of Attorney is revoked.

If there is any possibility of a criminal claim by the IRS, it's not advisable to give a POA to a CPA. In this situation, you want an attorney representing you so you have full attorney-privilege confidentiality. Be sure that the scope of authority given to your CPA is broad enough to meet your needs.

Many people a give power of attorney to their certified public accountant (CPA) to act on their behalf in financial matters. This gives the CPA the right to make financial transactions, request private financial information and sign your name to certain types of paperwork.

Use Form 2848 to authorize an individual to represent you before the IRS. The individual you authorize must be a person eligible to practice before the IRS.

The IRS will accept a power of attorney other than Form 2848 provided the document satisfies the requirements for a power of attorney. ... For more information, see Non-IRS powers of attorney under When Is a Power of Attorney Required? in Pub. 947.