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Check Box
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Expanded Checkbox for 2004
Beginning January 2004, the Third Party Designee Authority will be expanded to equal the authority of a Tax Information Authorization. This expanded authority will be available on all forms which currently carry the option (forms in the 1040 and 94X series, and on Forms 720, 1120, 1041, 2290 and CT-1). The Checkbox product has yielded the opportunity for third parties to assist in the early resolution of tax issues. Its popularity, based on its average of over 35million hits per year, is in large part due to the ease of submitting the authorization.
The Third Party Designee Authorization, aka Checkbox, currently allows the taxpayer to designate a third party, directly on the tax return. It grants the designee the authority to exchange verbal information with the IRS regarding return processing, payment and refund issues.
The Third Party Designee authorization has an automatic expiration feature based on the following criteria: Whichever occurs first:
· When the tax return post to the account
· when the second notice is issued
· On the one-year anniversary of the due date of the tax return (excluding extensions).
The expanded Checkbox will allow the designee to continue to exchange information with the IRS to resolve the tax issue and will allow the designee to receive written account information upon request. Further, the automatic expiration will be standardized to:
· The one-year anniversary of the due date of the tax return (excluding extensions)
The expanded Checkbox will not allow the designee to represent or otherwise practice on behalf of the taxpayer. It will not allow the designee to receive IRS refund checks nor sign on behalf of the taxpayer
Link to above article
http://www.irs.gov/businesses/small/article/0,,id=109947,00.html
The expanded authority and extended expiration date for the Third Party Designee Authority goes into effect for returns (1040, 94X series, 720, 1120, 1041, 2290 and CT-1) with a due date after Jan 1, 2004. It goes by regular due date, not by extended or delinquent due dates.
For example this would include all 2004 returns plus 10/31/03, 11/30/03 FYE F-1120 and 2003 from 1040 and 12/31/03 941 and 940. |
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