Third Party Designee

Today at our article space, we are going to talk about third party designee and its role in the form 2290. Each time you file form 2290, you would have come across this section, where you have to assign a person as your third party designee. However, if you are new to the form, and stumbled upon this piece of information, we are here to provide you the right and authentic information about TPD (Third Party Designee).
Form 2290 is the application for heavy vehicle weighing more than 55,000 pounds. Each time you paper file or e-file, you notice a provision to assign a designee for your return. And today, we are going to discuss the sole purpose to assign a designee for your return.

Purpose of Third Party Designee:

Well, if you want any of your employee or business head, a return preparer or any other third party dealers to who handle your financial returns with the IRS directly while you are busy behind the wheels, Third Party Designee is the right option for you. While filing form, check on “Yes” to authorize IRS to speak with the designee to answer the questions shot by IRS related to the information noted in form 2290. Also, you are authorizing the designee for:

• Exchange of information concerning form 2290 with IRS, • Request and receive written tax return information related to form 2290, including copies of notices, correspondence, and account transcripts

While assigning the designee in your return, you need to mention the designee’s name, phone number and the five digits that person choose as his/her personal identification number (PIN). The authorization applies only to the tax return on which it appears. However, this authorization doesn’t bind the designee with any financial liability against the taxpayer or is liable to make payment for him/her without the consent. The authorization would expire in a year’s time from the due date. You are allowed to revoke the authorization by writing to IRS. Check IRS official website for more information.

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