Individual Taxpayers Can View Their Tax Account Info – Here’s How Taxpayers with questions about their federal tax accounts can logon to IRS.gov for answers. Individual taxpayers can login to the View Your Account Information page to view specific details about their federal tax account information. Taxpayers can view: Their payoff amount, which is updated for the current day. The balance for each tax year for which they owe taxes. Their payment history. Key information from the their most current tax return as originally filed. After viewing their information, a taxpayer can: Select an electronic payment option. Set up an online payment agreement. Go directly to Get Transcript. Taxpayer’s balance will update no more than once every 24 hours, usually overnight. Taxpayers should also allow 1 to 3 weeks for payments to show up in the payment history. To access their information online, taxpayers must register through Secure Access. This is the agency’s two-factor authentication process that protectspersonal info. Taxpayers can review the Secure Access page process prior to starting registration. Taxpayers can also visit IRS.gov to use many other self-service tools and helpful resources. These include “Where’s My Refund?” and the IRS2Go app. These are the best ways for … Read More
ASAP: Taxpayers should check withholding All taxpayers should check their withholding – also known as doing a Paycheck Checkup – as soon as possible. They should do a checkup even if they did one last year. By checking their withholding, taxpayers can make sure enough is being taken out of their paychecks or other income to cover the tax owed. Here are some things taxpayers should know about withholding and why checking it is important: Taxpayers should check their withholding as early in the year as possible. If someone still has not done a Paycheck Checkup, there’s still time to get their withholding on track. They should do a checkup ASAP. Taxpayers should also check their withholding when life changes occur. These changes include things like: Marriage or divorce Birth or adoption of a child Purchase of a home Retirement Chapter 11 bankruptcy New job or loss of job Some taxable income is not subject to withholding. People with this income who also have income from a job may want to adjust the amount of tax their employer withholds from their paycheck. This includes income from things like: Interest Dividends Capital gains Self-employment and gig economy income IRA distributions, including … Read More
On Friday, March 1, Nina Olson, National Taxpayer Advocate (NTA), posted her farewell message on the NTA’s blog. In it, she announces that she will retire on July 31, 2019, after eighteen years of service. During her tenure as the NTA, the IRS adopted the Taxpayer Bill of Rights, a concept she both advocated for, and played a major part in designing. Ms. Olson hopes to further develop the services surrounding the Taxpayer Bill of Rights prior to her retirement. Among her goals for the Taxpayer Bill of Rights are: the addition of mandatory employee training on identification and public disclosure of Program Manager Technical Advice (PMTA) memoranda; and developing rights-based notices of math errors, collections, and more. Ms. Olson’s voice as the champion for the individual taxpayer will be missed. The National Society of Tax Professionals (NSTP) appreciates her years of service with the IRS and wishes her every success in her future endeavors. Ms. Olson’s retirement blog entry can be read in its entirety here.