What is Form 8821?
How does Form 8821 affect you and what does OnCentive use it for?
Form 8821 is a tax form used by taxpayers to authorize another person or entity to receive their tax information from the Internal Revenue Service (IRS). This form is commonly used by taxpayers who want to authorize their tax professional, such as an accountant or tax attorney, to access their tax records or to discuss their tax matters with the IRS.
Who needs to file Form 8821?
Any taxpayer can file Form 8821 to authorize someone else to receive their tax information from the IRS. This can include individual taxpayers, businesses, estates, and trusts. OnCentive uses this form to allow us to represent your company when it comes to dealing with the IRS.
Why would someone file Form 8821?
One main reason is to authorize their tax professional, such as OnCentive, to access their tax records or to discuss their tax matters with the IRS on their behalf. This can be helpful for taxpayers who have complex tax situations or who prefer to have a professional handle their tax matters.
What information is required on Form 8821?
Form 8821 requires the following information:
- Taxpayer information: This includes the taxpayer's name, address, Social Security number (SSN), and phone number.
- Authorized representative information: This includes the name, address, and phone number of the person or entity authorized to receive the taxpayer's tax information.
- Tax matters: This section specifies the type of tax matters the authorized representative is authorized to discuss with the IRS. This can include all tax matters or specific matters, such as tax returns, payment arrangements, or notices.
- Signature: The taxpayer must sign and date the form to authorize the release of their tax information to the authorized representative.
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