I'm an EA. Can I sign my clients 2553 ( Election by a Small Business Corp of S Corporation status) with my POA or do I need to have my client sign it. The S Corporation has only one shareholder.
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I wouldn't sign it, even though I might have a POA.
I'd want the client's signature on this one - no exceptions."The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith -
Technically, I believe you'd need a POA under the S-Corp's EIN. But I agree with John, some things should be signed by the client for your mutual protection.Comment
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I probably need to clarify what I was saying.
Reason tells me that most clients can be trusted and very small number cannot be trusted.
I just don't know which of them to distrust, so...Last edited by JohnH; 08-08-2013, 01:28 PM."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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But I can for convenience sake
Thanks for reminding me that we need to be careful .... But if I send it in signed with a copy of my POA it's not going to get returned saying "the taxpayer needs to sign", there are also 2 places to sign - the form signature and the page 2 signature - where each shareholder needs to sign, I'm thinking I might not qualify for the page 2 signature with a POAComment
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Judy: You make a valid point about it being returned by IRS with an additional signature needed when there is more than one place to sign. But a cover note with clear instructions and red stickers every place a signature is needed should help. Also, for something this important, it's worth having the client return it to you before it's sent to IRS."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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Once again JohnH is right. Alway retain the original signature in your files.Believe nothing you have not personally researched and verified.Comment
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