This Power of Attorney Package contains Power of Attorney forms that allow you to make decisions about your finances, healthcare, and the care of minor children. The following forms are included:
1. General Durable Power of Attorney for Property and Finances Effective Upon Disability
2. General Durable Power of Attorney for Property and Finances Effective Immediately
3. Power of Attorney for Care and Custody of Children
4. Durable Power of Attorney for Health Care
Power of attorney with the IRS is a legal document that grants an individual or entity the authority to act on behalf of another person or organization in matters related to taxes and tax-related issues. This authorization allows the appointed representative to effectively handle interactions, communications, and proceedings with the Internal Revenue Service (IRS) in relation to the taxpayer they represent. There are different types of power of attorney that can be used with the IRS, each serving a specific purpose. These include: 1. General Power of Attorney: This grants the appointed individual or entity the broad authority to act on the taxpayer's behalf, allowing them to handle a wide range of tax matters, including filing tax returns, responding to IRS notices, and negotiating settlements. 2. Limited Power of Attorney: This type of power of attorney provides the representative with specific, limited powers to act on behalf of the taxpayer. The scope and duration of the authority granted are predetermined and defined in the document. For example, the taxpayer may authorize the representative to handle a particular audit or examination. 3. Tax Information Authorization (TIA): TIA is a specific type of power of attorney that authorizes an individual or entity to access the taxpayer's confidential tax information. This authorization allows the representative to review and discuss the taxpayer's tax account, obtain copies of tax documents, and receive information from the IRS. 4. Taxpayer Representative Power of Attorney (Form 2848): This is the most commonly used type of power of attorney with the IRS. It enables the representative to perform almost all necessary acts on behalf of the taxpayer, including signing and executing documents, providing information, and representing the taxpayer in meetings, hearings, and other IRS proceedings. 5. Designation of Authorized Representative (Form 8821): While not considered a power of attorney, this form allows the designated individual or entity to receive and inspect the taxpayer's confidential information but does not grant them the authority to represent the taxpayer in dealings with the IRS. Understanding the different types of power of attorney with the IRS is crucial for taxpayers who require assistance in managing their tax affairs. Seeking professional advice from tax attorneys, certified public accountants, or enrolled agents can aid in determining the most appropriate type of power of attorney according to individual circumstances.
