On form 8822-Part ll- would I leave both of my parents signature lines blank since they are unable to sign for themselves and simply put my signature, date and title (POA)?
According to the form instructions: If you are a representative signing on behalf of the taxpayer, you must attach to Form 8822 a copy of your power of attorney. To do this, you can use Form 2848. The Internal Revenue Service will not complete an address change from an “unauthorized” third party. As long as your Form 2848 is attached to the change of address form, the IRS should accept it.
And regarding the form 2848- I “think” I can just fill out the information that I can and attach the DPOA- neither one of my parents are competent to handle any of their affairs. Is this correct?
As executor of the estate, I check Box#2, complete decedent information, then do I just complete Line 7? My Form 56 is on file with the IRS so do I need to attach any type of document? Thank you
According to the form instructions, you should complete the decedent information (name and SSN). I would also recommend entering the old address and new address. In the instructions, there is no reference to supporting documentation (such as Form 56). With that said, my *personal observation (and only my observation, not official IRS guidance)* is this: I've received many comments and emails from readers and subscribers that have told me the IRS would not accept certain forms (such as Form 8822) without their Form 56. I don't personally know whether the Form 56 had to be on file with the IRS or had to be attached to the submitted form. As a precaution, I would advise that you attach the Form 56 to the completed Form 8822. Whether or not it's actually necessary is not clear to me, but it *may* save you some processing time, and there's no real downside if it's not needed.
I am the POA for both of my parents and the IRS said I have to do form 8822 and 2848. I am not sure if I am filling out the forms correctly! On form 8822 would I put both of my parents names and SS#’s and old address and my address and sign, date etc.?
You can use IRS Form 2848 to authorize you (as the POA holder) to sign IRS Form 8822 on your parents' behalf. But if your Form 2848 is not already on file, then they will have to sign the Form 2848. If they're already doing that, then it's easier and simpler to ask them for one more signature. If your Form 2848 is already on file with the IRS, then you can file IRS Form 8822 (accompanied by a copy of your Form 2848). You would put both parents' name, SSN, and their old address. If you wish to have the IRS send correspondence to your address, that's acceptable. You would sign as the POA for both parents in the signature block. Keep in mind that when you file their tax return, the IRS will update your parents' records with the address on the tax return. So, if you've filing Form 8822 to route IRS correspondence to your house while they're still living separately, and you file their tax return with their current address, the IRS record will revert back to the address listed on the tax return.
You might be able to do this at the same time, but your extension request would be on a different form. You would likely request an extension on IRS Form 4868 (most taxpayers in the United States), or IRS Form 2350 (overseas taxpayers expecting special tax treatment due to a tax treaty). I've included links to resources for both forms below: IRS Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return Article: www.teachmepersonalfinance.com/irs-form-4868-instructions/ Video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-rrJpQEM0mqg.html IRS Form 2350, Application for Extension of Time To File U.S. Income Tax Return For U.S. Citizens and Resident Aliens Abroad Who Expect To Qualify for Special Tax Treatment Article: www.teachmepersonalfinance.com/irs-form-2350-instructions/ Video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-1RvJlwN3Wr8.html
@@sjinvestors250 You can’t file this online, but you can call the IRS and change your address over the phone. It also updates when you file your tax return.
