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Printable Form 2848 Santa Clarita California: What You Should Know
What is the status of Form 2848? In the meantime, you must keep in mind that an individual may file a Form 2848 to declare that the individual is incapacitated, which includes being confined in a nursing home for an unspecified length of time, being temporarily incapable of performing any of the basic functions of his or her ordinary employment, a physical disability, or illness. In order to prove the incapacity, the individual would need to have a Form 2848 submitted at his or her current tax year tax filing season. If a Form 2848 was filed by an incapacitated individual, the IRS cannot immediately prepare an individual's taxes, but you could continue your own tax preparation on the same form. In an October 2023 statement, IRS Commissioner John Tolkien said the form's purpose is to provide individuals “with the ability to protect their financial interests when it is very difficult to maintain complete and accurate records, due to circumstances beyond their control.” “The only purpose is to protect their tax return from inadvertent omissions or errors in the filing process,” Tolkien said. Form 2848 is a non-refundable tax payment that can be made by electronic funds transfer or credit card, as long as the individual is incapacitated at the time of the payment, according to the statement. If the individual is an adult, the individual is given an account number by the IRS, so they can request a Form 2848 from their account, according to the statement. When the individual is physically unable to provide the information required to claim the tax return as his or her own, an authorization is needed from the individual's financial institution to make the filing. “The individual will need to give his or her financial institution a letter in writing authorizing the financial institution to pay and release the financial institution from liability to the individual on his or her behalf for the tax liability of the individual's personal representatives, including a certified copy of the incapacitation statement,” the statement says. You can read the full statement here: IRS Statement Regarding Certain Changes in Form 2848 (2 pages) In the event an authorized account doesn't exist, the account number will be replaced by the last known account number.
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