IRS Expands Business Tax Account Access
The IRS continues to modernize its online services, and one of its most useful tools for businesses is the Business Tax Account. While the IRS recently expanded access to include partnerships, tax-exempt organizations, federal, state and local government entities, and Indian tribal governments, many corporations and sole proprietors have been eligible for some time and may not realize the Business Tax Account is available to them.
Whether your organization is newly eligible or has simply never explored the platform before, now is a good time to see what it has to offer.
What is the Business Tax Account?
The Business Tax Account is a secure online portal that allows eligible businesses and organizations to access tax information and perform certain IRS transactions without calling the IRS or waiting for mailed correspondence. Once an authorized individual completes identity verification, the account provides convenient access to a variety of tax information and services.
Depending on the entity type, users may be able to:
- View federal tax balances and payment history
- Make federal tax payments
- Access certain IRS notices electronically
- View eligible tax transcripts, including payroll and income transcripts
- Request a tax compliance check
- Verify the business name and address on file with the IRS
The IRS continues to add new features over time, making the portal increasingly valuable for routine tax administration.
Why This Matters
For many businesses and nonprofit organizations, obtaining tax information has traditionally meant lengthy phone calls or waiting for IRS correspondence. The Business Tax Account provides a faster, self-service option for accessing information that organizations frequently need.
The recent expansion is particularly significant for partnerships and tax-exempt organizations, which previously had limited online access to their IRS account information. At the same time, corporations and sole proprietors that were already eligible should consider whether they are making full use of the platform. Many businesses have never created an account simply because they were unaware it existed.
Should You Set Up an Account?
If your entity is eligible, establishing a Business Tax Account now can save time when questions arise later about balances, payments, notices, or transcripts. Having online access also makes it easier to monitor your IRS account throughout the year rather than waiting until tax filing season.
If you’re unsure whether your entity qualifies or if you need assistance navigating the Business Tax Account, our team is happy to help you determine eligibility and make the most of the IRS’s expanding digital services.
Contact Us
If you have questions about the information outlined above or need assistance with another tax or accounting issue, Klatzkin can help. For additional information call 609-890-9189 or click here to contact us. We look forward to speaking with you soon.