Exploring Third Party Authorization With Irs Form 8821 Explained
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- Form 8821, also known as the "Third-Party Authorization," is a document that enables taxpayers to appoint a representative to act in their behalf with the IRS. This authorization allows the representative to perform various tasks, including retrieving tax information, filing tax returns, and making changes to tax accounts.
- When a taxpayer grants authorization with Form 8821, they must provide the representative's name, address, and taxpayer identification number (TIN). The representative will then be entitled to act on the taxpayer's behalf, but they are not empowered to sign the taxpayer's name to tax documents. For this purpose, a separate form, the Power of Attorney (Form 2848), is required, which explicitly grants the representative the right to sign tax documents in the taxpayer's name.
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The authorization is typically valid for three years from the date indicated on the form. Before granting authorization, taxpayers should carefully select their representative to ensure that they are trustworthy and knowledgeable about tax-related matters. Taxpayers are advised to keep a copy of the authorization form for their records. Taxpayers should be cautious when granting third-party authorization due to potential security risks. It is crucial to protect sensitive information and only authorize reputable and trustworthy representatives. Taxpayers should verify the authenticity of their representatives and ensure they understand the tax-related matters they are handling.
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