The third-party designation on a tax return allows the third-party (usually the tax preparer) only allows the person or firm to help the IRS with the processing of the tax return. Maybe Form 2848, Power of Attorney, or Form 8821, Tax Information Authorization, is more appropriate to allow a third party to get information from the IRS and deal with any issues. Find out more in my Accounting Today article.
5 Myths of the Third-Party Designation on Tax Returns
November 12, 2018 by ·