All taxpayers have the opportunity to create an online account with the IRS, but not everyone realizes it. Creating an account allows you to view the specific details of your federal tax return and take action when needed. Let’s go over some of the benefits of an IRS online account:
If You Owe Money
If you owe money to the IRS, your online account stays up-to-date and allows you to see what you still owe, including any back taxes you may owe from a prior year. You can also use it to keep track of your payment history and any upcoming scheduled payments. An additional feature is the ability to make online tax payments—this is a faster way to pay than mailing a check, and you may find it more convenient, too. If you are unable to pay your entire tax bill, you can request a payment plan through your account.
Your online account will give you access to key information from your most recently filed tax return. It also provides you with digital copies of certain IRS notices, as well as information on any economic impact payments you may have received.
The latest feature added to IRS online accounts is the ability to authorize someone else represent you before the IRS as well as view your tax records. This is a great option for anyone working with a tax professional in the case of an audit or to resolve a notice.
If you haven’t set up an online account yet, you can do so through this secure access page. If you need any assistance, or would like to discuss how we can assist you with your taxes, payroll, bookkeeping, and more, give us a call! We look forward to talking to you.