Technology improvements bring IRS into 21st century.
The IRS has released two new electronic tools for tax professionals. The Disclosure Authorization tool gives eligible tax practitioners an online option for submitting Power of Attorney Power of Attorney A legal document giving one person (called an "agent" or "attorney-in-fact") the power to act for another person (the principal). The agent can have broad legal authority or limited authority to make legal decisions about the principal's property and finance. The power of attorney is frequently used in the event of a principal's illness or disability, or when the principal can't be present to sign necessary legal documents for financial or Taxpayer Information Authorization forms. Electronic Account Resolution allows tax practitioners to electronically correspond with the IRS. For more, visit www.irs.gov/newsroom/article/0,,id=124940,00.html.
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