Any bookkeeping, business or tax article contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor can it be used to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.

What To Know About IRS Online Account

What To Know About IRS Online Account

Setting up an IRS Online Account is a simple and secure way for taxpayers to instantly access information about their IRS activities, including any tax due balance, payments made, and tax records for the previous several years. Taxpayers should be aware that balances are updated once every 24 hours, typically overnight, and should allow one to three weeks for payments to be shown in the payment history.

Setting up an IRS Online Account allows you to view:

  • payoff amount, which is updated daily
  • The balance for each tax year for which you owe taxes
  • payment history
  • Essential information from your most recent tax return as originally filed
  • Payment plan details if you have one
  • Digital copies of select IRS notices
  • Economic Impact Payments if you received any
  • address on file

Taxpayers can also use their online account to:

  • Select an electronic payment option
  • Set up an online payment agreement
  • Access tax records and transcripts
  • Approve and electronically sign Power of Attorney and Tax Information Authorization requests from their tax professional

Here’s how new users can get started with their IRS Online Account:

  1. Select “View Your Account” on the IRS.gov homepage.
  2. Select the “Create or View Your Account” button.
  3. Click “Create Account.”
  4. Pass Secure Access authentication. This is a rigorous process to verify the taxpayer’s identity. You must be able to authenticate your identity to continue.
  5. Create a profile.

All password-protected online IRS tools for taxpayers are protected by multi-factor authentication. Once the initial authentication process is complete, returning users can use the same username and password to access other IRS online services such as Get Transcript and Get An Identity Protection PIN, if applicable.

Questions?

Get to know more about IRS online accounts and how we can help you prepare your taxes by contacting us today at admin@fas-accountingsolutions.com.

What to Know About IRS Online Accounts

 

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What To Know About IRS Online Accounts