What Is The Purpose Of This Notice?

This form should be filed by a person who is in charge of money or property for someone else. This is called a fiduciary relationship. The form is used to tell the IRS about the creation or termination of this kind of relationship. For example, if you are in charge of an individual's money or property, or money and property for a decedent's estate, you would use this form.

What Are Latest Developments Relevant To Me?

Form not to be used for address changes. This form cannot be used to update the last known address of the person, business, or entity for which you are taking care, instead use Form 8822 Change of Address, or Form 8822-B Change of Address or Responsible Party—Business. Learn more.

Form not to be used as a power of attorney. Do not use this form if you are notifying the IRS that you are the authorized representative of the taxpayer. Instead, use Form 2848 Power of Attorney and Declaration of Representative. The fiduciary is responsible for all the actions the taxpayer is responsible for. This includes filing returns and paying any taxes that are due. An authorized representative is someone who the IRS treats as the agent of the taxpayer. This person can only do what the taxpayer tells them to do, which is written down on Form 2848. An authorized representative is not allowed to do anything else unless it is authorized by the taxpayer. Learn more.

Want to know how to handle tax debt for the person you are representing? Contact us today for a preliminary plan of action that considers their tax situation.

What Does The Notice Look Like?

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