This is a statutory form provided for in the Georgia Code that allows you to name one or more persons to help you handle your financial affairs. It grants your attorney in fact (your agent) VERY broad powers with regard to your property and finances. This Power of Attorney does NOT provide for health care services. As long as you are living, the financial power of attorney will remain in effect even if you become incapacitated or unable to communicate your wishes unless a guardian is appointed for your property or you include a date or specific occurrence when you want your document to be canceled.
A Georgia power of attorney form with the IRS grants an individual or entity the legal authority to act on behalf of someone else in matters related to the Internal Revenue Service (IRS). This legal document allows the appointed person, known as the agent or attorney-in-fact, to handle tax-related affairs, communicate with the IRS, and make decisions that impact the taxpayer's federal tax matters. There are several types of power of attorney forms applicable to Georgia taxpayers, each serving a specific purpose: 1. General Power of Attorney with the IRS: This form grants broad powers to the agent, allowing them to handle a wide range of tax matters on behalf of the taxpayer. The agent can handle tax filings, respond to IRS inquiries, negotiate settlements, and manage refunds or payments. 2. Limited Power of Attorney with the IRS: As the name suggests, this form restricts the agent's authority to specific tax-related tasks. It may be used for a particular tax year, specific tax obligations, or for a limited duration. Examples could include signing returns or representing the taxpayer during an audit. 3. Power of Attorney for Collection Matters: This type of form is used when the taxpayer anticipates owing tax debt to the IRS, and they want to authorize an agent to negotiate and establish a payment plan or settlement on their behalf. The agent can communicate with the IRS collection department and make decisions regarding taxes owed. 4. Power of Attorney for Representation: This form is specifically designed for taxpayers who need an agent to represent them in IRS proceedings, such as audits, appeals, or tax court cases. The agent has the authority to act on the taxpayer's behalf during these legal processes, ensuring their interests are protected. When executing a power of attorney form with the IRS in Georgia, it is essential to choose a trustworthy agent who understands tax matters and can effectively communicate and work with the IRS. The IRS requires the completed form to be submitted and approved before the agent can begin acting on behalf of the taxpayer. In conclusion, a Georgia power of attorney form with the IRS is a legal document that designates an agent to handle tax-related matters on behalf of a taxpayer. The different types of forms available include the general power of attorney, limited power of attorney, power of attorney for collection matters, and power of attorney for representation. These forms enable individuals to authorize someone to act in their best interests when dealing with the IRS.
