IRS launches business tax account

The IRS launched the first phase of the business tax account, allowing unincorporated sole proprietors who have an active Employer Identification Number to set up an account, view their business profile and manage authorized users. Over time, the business tax account will also allow business taxpayers to check their tax payment history, make payments, view notices, authorize powers of attorney and conduct other business with the IRS.

Future improvements will include access to view letters or notices, request tax transcripts, add third parties for power of attorney or tax information authorizations, schedule or cancel tax payments and store bank account information. Check out this news release for more about the business tax account and other initiatives underway to improve taxpayer service and modernize technology using Inflation Reduction Act funding.