A Better Tax Experience with Form 8821

Learn how Form 8821 can provide Vyde members with streamlined taxes and better tax estimates and advice.

What is Form 8821?

Form 8821, known as the “Tax Information Authorization,” allows you to authorize Vyde to receive information from the IRS on your behalf.

This can help our team streamline your taxes, provide more accurate tax estimates, and quickly resolve notices from the IRS.

The information our team would be authorized to access with Form 8821 includes past tax returns, IRS notices, and tax transcripts. Form 8821 does not give Vyde authorization to represent you before the IRS or to act on your behalf. It simply gives our team access to taxpayer information to help us prepare your taxes and provide accurate tax insights and advice.

Why did Vyde send me Form 8821? How does it benefit me?

Vyde’s focus is simplifying your accounting and making your life easier. Form 8821 helps us provide you with a better customer experience.

Here are key reasons Form 8821 might benefit you:

Streamline Tax Management: With Form 8821, Vyde can directly communicate with the IRS about your records, simplifying tax return preparation, tax extension filings, and notice resolution.
Accurate Tax Projections, Insights, and Estimates: Having access to your past tax information can help our team provide more accurate tax estimates and projections to help you make informed decisions.
Faster Resolution with IRS: Having access to past returns or notices will help Vyde resolve disputes or clarify details without needing to involve you directly in each step.
Stay Compliant: Form 8821 ensures that Vyde can gather accurate information to help you stay compliant and ensure our team doesn’t miss anything so we can reduce the risk of penalties.
Less Hassle for You: Form 8821 reduces the administrative burden on you, allowing us to communicate with the IRS and receive important information.

How long does it take for Form 8821 to be processed?

Once you submit Form 8821 to Vyde, it can take up to 2 to 4 weeks for the form to be processed and accepted by the IRS. Filing your Form 8821 now will help our team be prepared to quickly prepare your taxes and respond to any potential notices come tax season

Is Form 8821 required to access Vyde’s services?

No. We highly recommend that you use Form 8821 so our team can provide you with the best service and insights possible, but it is not required. Reach out to your tax accountant if you have any further questions about how Form 8821 will impact you and your Vyde services.