Question

Explain the impact of a taxpayer executing a power of attorney. (for tax purposes)

Answer 1

A power of attorney is an authorized person who can do all tax-related activity of the taxpayer, including signing on the tax-return.

But for doing so (signing by power of attorney) a taxpayer must impact as below:

Point 1) that the taxpayer has disease or injury and unable to make signature.

Point 2) that the taxpayer is out of the US for the last 60 days continuously before the return filing.

Point 3) that the taxpayer has already collected a special permission from the IRS by showing any other good cause.