Insights

Beginning March 1, 2012, the IRS will no longer accept the old version of Form 2848 – Power of Attorney and Declaration of Representative. The new version of this form was released in October 2011 and allows for only one taxpayer signature. This means that if a husband and wife file a joint tax return, each must file separate powers of attorney when dealing with the IRS. The husband and wife can still choose to have the same representative; however, they must file separate forms.

If taxpayers have filed a joint power of attorney prior to March 1, 2012, they do not have to file new, separate forms.

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This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

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