Business tax accounts have been expanded with a wide range of new features, the Internal Revenue Service said this week.
The ability to use the accounts has been extended to individual partners of partnerships and individual shareholders of S corporation businesses, in addition to sole proprietors who previously had access.
All account holders can download transcripts of the following forms: 940, 941, 943, 944, 945, 8752, 8288, 11-C, 730, 2290. In additional, sole proprietors can download transcripts of the 1120S and those with partnerships can download transcripts of 1065s and 8804s.
Information on setting up a new account is available at IRS.gov/businessaccount.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind