Best Certified Public Accountants in Bayonne, NJ

Tax Resolution - What is a Power of Attorney (POA) - State-Level Version Understanding the Power of Attorney (POA) at the state level is crucial for effective tax resolution. Here’s an overview of how the POA functions in New York, based on my twenty years of experience in the tax field. The Role of POA in State Tax Matters A Power of Attorney allows a tax professional to act on behalf of a taxpayer, accessing confidential information and handling transactions with tax authorities. While each state has its nuances, the New York POA forms generally align with IRS standards. New York’s POA Forms New York utilizes two primary forms for granting a tax professional the authority to act on your behalf: 1. **TR-2000 (EZ Rep) - Tax Information Access and Transaction Authorization** 2. **POA-1 - Power of Attorney** TR-2000 (EZ Rep) Form The TR-2000 form authorizes a tax professional to access your tax account and perform online transactions. Here’s how to fill it out: - **Taxpayer Information**: Include your name and either EIN or SSN. - **Representative Information**: Provide your tax professional’s name. - **Tax Matter**: Selecting “All current and future services” is often best to avoid multiple authorizations. - **Authorization Period**: Typically, leave this blank to allow ongoing access. - **Signature and Date**: Ensure it is signed and dated for validity. With the TR-2000, your representative can view your tax records, respond to notices, and set up payment plans.