Written by Benjamin Kingsley
Do you have questions about or need assistance with a power of attorney? Please click here to email us at contact@legalandme.com.
Do you need a power of attorney form? We make a do-it-yourself power of attorney: finance power of attorney or healthcare power of attorney.
Yes, a properly executed power of attorney (POA) can authorize someone to file your taxes on your behalf. However, there are some important considerations to keep in mind:
First, you’ll want to ensure you have the right type of POA. For tax matters, the IRS typically requires a specific power of attorney form called Form 2848, “Power of Attorney and Declaration of Representative.” This form allows you to designate a qualified individual, such as an attorney, CPA, or enrolled agent, to represent you before the IRS for tax matters.
If you have a general durable power of attorney that grants broad financial powers, this may also allow your agent to handle tax matters. However, many financial institutions and government agencies, including the IRS, often prefer or require their own specific POA forms. It’s generally advisable to complete Form 2848 in addition to any general POA you may have.
It’s crucial to carefully consider who you appoint as your tax representative. This person will have access to sensitive financial information and the ability to make important decisions on your behalf. Choose someone you trust implicitly and who has the necessary knowledge to handle your tax affairs competently.
Remember that granting someone power of attorney for your taxes doesn’t relieve you of responsibility. You are still ultimately responsible for the accuracy of your tax returns and for any tax liabilities. Therefore, it’s wise to stay informed and involved in the process, even if someone else is handling the details on your behalf.
Do you have questions about or need assistance with a power of attorney? Please click here to email us at contact@legalandme.com.
Do you need a power of attorney form? We make a do-it-yourself power of attorney: finance power of attorney or healthcare power of attorney.