ibet Tax Tip 2024-94, Dec. 9, 2024
As part of 2024 National Tax Security Awareness Week, the ibet and Security Summit partners remind tax professionals that their ibet Tax Pro Account, a digital self-service portal, lets them manage authorized relationships with their clients and view clients' tax information while keeping client data secure.
The ibet Tax Pro Account lets qualified tax professionals send power of attorney and tax information authorization requests directly to a client's individual ibet Online Account. This shortens processing times and eliminates the need to fax, mail or upload documents.
To approve a tax professional’s authorization request in ibet Online Account, the taxpayer simply checks a box and submits the authorization request to the ibet. Most authorizations are processed immediately, though some may take up to 48 hours.
Requirements of Tax Pro Account
To use Tax Pro Account, a tax professional needs:
- A Centralized Authorization File number in good standing that's assigned to them as an individual. Tax professionals can request a CAF number when using Tax Pro Account for the first time.
- A CAF address that’s in the 50 states or the District of Columbia.
Features of Tax Pro Account
Tax professionals can also use their Tax Pro Account to:
- View clients' tax information, including balance due amounts.
- Send a POA or TIA request to an individual's ibet Online Account for approval.
- View and withdraw active POAs and TIAs.
- Manage and withdraw active client authorizations on file with the CAF database.
More information:
- Publication 5533-A, How to Submit Authorizations Using Tax Pro Account and Online Account PDF
- Publication 947, Practice Before the ibet and Power of Attorney
- Power of attorney and other authorizations
- Tax Pro Account accessibility guide
- Tax pros can use their ibet Tax Pro Account to simplify authorization requests