Need help filing Form 56? We can help.Find out how
Tax HelpNeed tax help with IRS Form 56? Form 56 is used to notify the IRS of the creation or termination of a fiduciary relationship. A fiduciary is any person in a position of confidence acting on behalf of another person. A fiduciary is treated by the IRS as if he or she is actually the taxpayer. Common examples of fiduciaries include executors, guardians, conservators, and trustees of a trust. All these examples necessitate the filing of Form 56. Filing Form 56 is different than filing Form 2848 Power of Attorney. A fiduciary is treated as if they were the taxpayer and have all the powers and abilities of the Taxpayer once the IRS is notified of this relationship via Form 56. A representative is treated as an agent of the taxpayer and is only permitted to perform the actions explicitly authorized in Form 2848.
Form 56 is different than Form 2848 Power of Attorney. Not sure how? We can help
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