Q&A of the Week August 19, 2021

Question:

Should I have an IRS online account?

Answer:

Yes. This is an easy way for taxpayers to see information about their federal tax account including:

- payment history

- amount you will be paid and the date you will receive payment

- balance for what you owe

- information from the most current tax return (as it was filed)

- economic impact payments

- address on file

- payment plan details

- digital copies of some IRS notices

Additionally, there is a new authorization feature that allows taxpayers to:

- specify who can represent them with the IRS

- determine who can see their tax records

- prove and electronically sign tax documents

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