FROM OUR EXPERTS


FROM OUR COMMUNITY

  • NC
    NC
    March 23, 2010
    NC
    NC
    March 23, 2010

    You can be POA for your Dad for IRS.  it is form 2848.

    The "POA" we have is not good enough. In fact, each financial co. needs its own POA document.

     

    In any case, IRS only allows POA for 3 years maximum. So after 3 years, you need to renew it. What we do with my  FIL who has stage 6 Alzheimer's is that he can still sign so he signs the tax returns now. My husband has IRS POA now. The IRS or state tax agency won't care if he is really competent or not - they just want the taxes.

    State POA may be a lifetime - you just need to get the POA form for the state and notarize it. IRS form 2848 only needs notarized signature from you so he does not have to go out to be notarized. But state POA needs notarization for all people who sign.

     

    Guardianship does all automatically but it is another thing.

    We cannot have guardianship so this is the way we do it.

     

    Regards,

    Nina

    READ MORE
    • Me
      Me
      March 24, 2010
      Me
      Me
      March 24, 2010

      Thank you.  I in confused as to which form the IRS wants, Form 8821, Form 56 or Form 2848.  My understanding is that the Form 2848 is for a person eligible to "practice before the IRS, " as stated in the instruction for Form 2848.  Although I feel confident in preparing somewhat simple returns, I do not feel confident to pratice before the IRS as Enrolled agents, CPA, or tax attorneys do.  At this stage, I believe that having my Dad sign his return is the easiest route and include me as the third party notifier.    

      READ MORE
    • NC
      NC
      March 26, 2010
      NC
      NC
      March 26, 2010

      Thank you for the reply. I find that Form 56 is very useful for my husband as trustee! We will use that for all tax years!! Super! We also need to amend some taxes for my FIL.

       

      Form 8821 does not really report taxes - it only receives and inspects confidential data??? He still has to sign.

       

      If you are guardian or trustee, use form 56. Or use form 2848 for POA purpose.

       

      Regards,
      Nina

      READ MORE
    Click here to login before answering a question
You should know Answers to your question are meant to provide general health information but should not replace medical advice you receive from a doctor. No answers should be viewed as a diagnosis or recommended treatment for a condition. Content posted by community members does not necessarily reflect the views of Remedy Health Media, which also reserves the right to remove material deemed inappropriate.