Glossary

IRS Form 2848: Power of Attorney and Declaration of Representative

What is IRS Form 2848: Power of Attorney and Declaration of Representative?

IRS Form 2848, “Power of Attorney and Declaration of Representative,” is a form used to authorize a specific individual to represent you before the IRS. This person can receive confidential tax information, communicate with the IRS on your behalf, and even act for you in tax-related matters.

Okay, so imagine you’re dealing with the IRS. It can be a little confusing, right? Well, sometimes you might need a little help. That’s where IRS Form 2848 comes in. It’s essentially a permission slip that lets someone else talk to the IRS for you. Think of it as giving someone a power of attorney, but specifically for your tax stuff.

Recommended for You

Redemption Period

The redemption period is the time frame an individual has to reclaim property lost due to unpaid taxes. It’s a crucial concept for anyone facing tax-related property seizures.

State Technology Investment Credit

The State Technology Investment Credit is a tax incentive aimed at encouraging investment in technological advancements. It offers tax benefits to eligible businesses making qualified technology investments to spur innovation and economic growth.

Refund for Abated Penalty

The Refund for Abated Penalty compensates taxpayers when penalties are reduced or removed. It's integral in tax compliance for ensuring fair treatment.

Priority Lien Resolution Services

Priority Lien Resolution Services are designed to assist taxpayers in effectively resolving liens, ensuring compliance with tax obligations, and avoiding potential legal penalties.

Letter 668D (Release of Levy)

Letter 668D, a "Release of Levy," is a notice from the IRS indicating that they are removing a levy they previously placed on your assets, meaning they’ll stop seizing your property or funds to pay your tax debt. It signals progress in resolving your tax issue.