The IRS continues to expand the functionality of its online platforms, including several new features in Individual Online Account that give taxpayers the ability to:
- Retrieve all their tax related information from one source, including Wage & Income, Account, Record of Account, and Return transcripts;
- Request an update to their Identity Protection (IP) PIN using their smartphones or tablets;
- View information about the status of their audit at their convenience, instead of having to call the IRS to obtain audit information;
- Use a Lien Payoff Calculator to access lien information, calculate their lien payoff amount and generate a letter for download/print;
- Complete the Pending Installment Agreement process within Online Account without having to be re-routed to a separate application and
- View a comprehensive overview of their account information, including the status of their tax refund as it’s being processed.
With the latest expansion, Business Tax Account is now available in Spanish, in addition:
- Eligible business taxpayers can see their balance due and make the payment all in one place. Previously, the balance due had to be viewed in a separate place from where the payment was made, adding another complicating step for businesses making payments.
- Sole proprietors can now download business entity transcripts from their Business Tax Account. This transcript shows entity information like business name, address, location address and more for the Employer Identification Number on file.
File new amended returns electronically:
- Business Forms 940, 941, 943 and 945, including the Spanish version of Forms 941 and 943, can now be filed electronically. Through this improved process, IRS employees can now access taxpayer return information electronically, allowing them to provide more complete and accurate answers to taxpayer questions.
- In addition, the IRS can now accept related electronic payments while minimizing errors normally associated with processing paper returns. Taxpayers can still choose to submit a paper version.
