What is a payroll reporting agent?
A Reporting Agent is an accounting service, franchiser, bank or other person who complies with Revenue Procedure 2012-32 and is authorized to prepare and sign employment tax returns electronically for a taxpayer. Reporting Agents may transmit their own returns or use the services of a third-party transmitter.
Is the IRS accepting form 8655?
Forms 8655 and paper Reporting Agent Lists may also be faxed to the RAF Team at 855-214- 7523. The IRS will accept and process Authorizations for submissions of Federal Tax Deposits (FTDs) and Federal Tax Payments (FTPs) for Forms 940, 941, 943, 944, 945, 720, 1041, 1042, 1120, CT-1, 990-PF and 990-T.
What is a reporting Agent Authorization form?
IRS Form 8655, Reporting Agent Authorization, gives a reporting agent the ability to file forms and make payroll tax deposits on your behalf. An IRS reporting agent can use your EIN and sign forms for you. The reporting agent might be an accountant or a payroll tax filing service.
What is tax form 8655?
The Form 8655 – Reporting Agent Authorization is a legal IRS document signed by an owner or corporate officer authorizing OnPay to file and deposit taxes on behalf of their company.
Are you an authorized payroll agent?
In the context of payroll, an authorized reporting agent is a third party who can make Federal payroll tax deposits, file Federal payroll tax information, and generally handle matters related to Federal payroll taxes with the IRS on behalf of a business. IRS Form 8865 is used to designate an authorized agent.
How do I find my 5 digit reporting agent pin?
The Report Agent’s PIN application process is a 5 step process:
- Have each client complete and sign a Form 8655.
- Complete a “Reporting Agent’s List.”
- Send the Forms 8655 along with a “Reporting Agent’s List” to the IRS.
- Complete the Reporting Agent’s PIN Setup. Once a client has been approved for.
What is a reporting agent pin?
The Reporting Agent PIN is issued through the IRS e-file Application Process as a result of selecting Reporting Agent as a provider option on the application. Reporting Agents may transmit their own returns, or may use the services of a third party transmitter.
How do I get my reporting agent pin?
How do I become a reporting agent?
Become a Reporting Agent Step 1: Complete and submit IRS Form 8655 for each client for whom you will e-file. Step 2: Apply to participate in the IRS e-file program by creating an IRS e-Services account and submitting your e-File Provider application. Step 3: Pass a suitability check.
What is my reporting agent pin?
How long does it take to get an EFIN?
about 45 days
The EFIN process typically takes about 45 days, so be sure to get started well in advance of tax season.
How do I revoke form 8655?
Re-sign the copy of the Form 8655 under the original signature. Write “REVOKE” across the top of the form. If you do not have a copy of the authorization you want to revoke, send a statement to the IRS.
