Get the free Form 8848

This form is used by foreign corporations and domestic transferee corporations to consent to extend the time for the IRS to assess branch profits tax related to the complete termination of U.S. trade

How to fill out form 8848

How to fill out Form 8848

1. Obtain Form 8848 from the IRS website or a tax professional.
2. Fill in your name and address as shown on your tax return.
3. Provide your taxpayer identification number (TIN).
4. Indicate the tax year for which the request is being made.
5. Select the type of tax return you are requesting a refund for, if applicable.
6. Complete the section regarding the reason for filing Form 8848.
7. Review all information for accuracy.
8. Sign and date the form.
9. Submit the completed form to the appropriate IRS address.

Who needs Form 8848?

1. Individuals who are U.S. citizens or resident aliens who need to request a refund of withheld taxes on Form 1042-S.
2. Taxpayers who are non-resident aliens and need to claim a refund of U.S. taxes withheld.
3. Employees or participants in certain programs that require filing Form 8848 for tax processing.

People Also Ask about

Why would a CPA need a power of attorney?

If you want your accountant to speak to the IRS or a state department of revenue on your behalf, they'll need your permission to do so. That permission is granted through a power of attorney. There is a cost to have a power of attorney filed by your accountant. You can revoke a power of attorney whenever you want.

What is the difference between form 56 and form 2848?

When dealing with the IRS, it's important to understand the forms that delegate authority to manage or represent a taxpayer's interests. Two forms commonly used for this purpose are IRS Form 56 (Notice Concerning Fiduciary Relationship) and IRS Form 2848 (Power of Attorney and Declaration of Representative).

Is form 8948 required?

If a taxpayer opts to paper file a tax return, or the return is unable to be e-filed, the preparer must include a Form 8948, Preparer Explanation for Not Filing Electronically, with the paper filed submission.

Who signs a form 2848 for a deceased person?

If signed by a corporate officer, partner, guardian, tax matters partner, partnership representative (or designated individual, if applicable), executor, receiver, administrator, trustee, or individual other than the taxpayer, I certify I have the legal authority to execute this form on behalf of the taxpayer.

What is the purpose of the form 2848?

Purpose of Form Use Form 2848 to authorize an individual to represent you before the IRS. The individual you authorize must be a person eligible to practice before the IRS. The eligible individuals are listed in Part II, Declaration of Representative, items a-h.

Where to mail an 8840 form?

If you do not have to file a 2024 tax return, mail Form 8840 to the Department of the Treasury, Internal Revenue Service Center, Austin, TX 73301-0215 by the due date (including extensions) for filing Form 1040-NR.

Who completes form 2848?

If you'd like another person to talk to the IRS about your taxes, you'll need to complete Form 2848. This form, also known as Power of Attorney and Declaration Representative, authorizes immediate family members or a tax professional to talk to the IRS on your behalf.

What is the IRS form for direct deposit?

Use Form 8888 to directly deposit your refund (or part of it) to one or more accounts at a bank or other financial institution (such as a mutual fund, brokerage firm, or credit union) in the United States. This form can also be used to buy up to $5,000 in paper series I savings bonds with your refund.

For pdfFiller’s FAQs

What is Form 8848?

Form 8848 is a tax form used by certain foreign trusts with U.S. beneficiaries to report their income, expenditures, and distributions as well as to notify the IRS of foreign trust activities.

Who is required to file Form 8848?

Form 8848 must be filed by a foreign trust with U.S. beneficiaries when the trust has to report certain information to the IRS, typically when the trust has U.S. tax obligations or transactions.

How to fill out Form 8848?

To fill out Form 8848, you need to gather information about the foreign trust, including its identification details, financial information, and details about any distributions made to U.S. beneficiaries. The form is filled out with specific sections for trust income, deductions, and distributions.

What is the purpose of Form 8848?

The purpose of Form 8848 is to ensure that foreign trusts comply with U.S. tax laws by reporting their activities, income, and distributions that may have tax implications for U.S. beneficiaries.

What information must be reported on Form 8848?

Form 8848 requires reporting of the trust's name, address, and taxpayer identification number, details about income, expenses, contributions, distributions to U.S. beneficiaries, and other pertinent information about the trust's operations.