It is part of the IRS’s development of the accounts, which were launched last fall which gives taxpayers the ability to pay Federal Tax Deposits, along with being able to seei and makie payments.

The agency said when they are fully developed the accounts will enable many business taxpayers to check tax histories, make payments, view notices, authorize powers of attorney and conduct other business with the IRS.

In addition, the IRS has made the accounts accessible in Spanish.

Those currently eligible to use the accounts include sole proprietors with an Employer Identification Number issued by the IRS; an individual partner or individual shareholder with both Social Security number or an individual tax ID number and a  Schedule K-1 on file (for partners, from 2012-2023; for shareholders, from 2006-2023).

Currently, a limited liability company that reports business income on a Schedule C can’t access Business Tax Account.

Bob Scott

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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