A particular client is the sole owner of three corps that I need to talk to NCDOR about. First what form do I fill out as a POA and can I do one form or must I do as many as there are corps?
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Use GEN-58. They will accept the Fed form in some cases, but why complicate matters when they have their own form? You might need to do some begging at some point so it's best to start out on the right foot.
You can put multiple years and multiple types of tax on the same form for a given entity, but I think you''ll need a separate POA for each entity."The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith -
TY John
I found the forms (regular and B) and the instructions so I should have all I need.
What is the B Form used for other than to request confirmation of filing or copies of filed returns? There is a choice of "other". Reason I'm interested is Corps are not bankrupt they just have no assets but the owner just got all his non-tax debts eliminated in bankruptcy.Comment
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I've never used the B, but I assume it's just for obtaining info in preparation for bankruptcy (just a guess). If you simply have admin matters to handle, you might find it simpler to conference him in on a call to NCDR & work things out on the phone. Sure saves a lot of paperwork, especially with 3 corps."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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