1999 Form 940 & current 2848

[fliszt]

Yesterday I was talking to IRS re error on clients form 941. They asked for POA and I faxed it to them while on phone. Then agent stated the 2848 was signed 7/06/06 and was only good for 60 days but he would go ahead and use it this time but to fax a new one w/new date. I searched and can not find where an expiration date is listed. If anyone knows, would appreciate a reply. (I still have the fax # of "Mr. Smith" and would like to advise him if he is incorrect.)
Also IRS agent said client did not submit a form 940 for 1999 and asked me to do so. I went to clients office and went through file boxes from 1999 to 2003 and could not find a completed form 940 for 1999. The amount is going to be very small (maybe ~$40.00) as the corporation is a holding corp for 6 other corps and only had 1FT & 1 PT employee during that time period. But there will end up being penalty/interest. What would you do? Wait for the IRS to send a formal notice or go ahead and submit one and then wait for the penalty/interest bill.
Thanks
Larry

[sea-tax]

I have also been told that there is a 60 day expiration on the 2848 and was a little surprised , because it doesn't seem to stop the IRS from mailing me copies of letters for clients that I filed POA on years ago. Unfortunately I don't know the answer as to if that is correct or not.

As for the 940 I would file the return and wait and see if the IRS send a penalty and interest letter. Definately let the client know that the letter may or may not come. That way if the letter does come then the client will not be surprised.

[jainen]

must be filed within 60 days

>>60 day expiration on the 2848<<

I believe what they mean is that the form must be filed within 60 days of signature. Once filed, it doesn't expire (for the year designated) unless revoked by the taxpayer or representative.