Q&A of the Week November 1, 2023

Question

What is the Business Tax Account program the IRS is launching?

Answer

Business Tax Account will allow business taxpayers to easily:

• View business profile

• Manage authorized users

• Make tax payments

• Check tax payment history

• Review notices

• Authorize powers of attorney

• Conduct other business with the IRS

In the future, the IRS plans to incorporate the following additional benefits for a Business Tax Account: 

• Schedule or cancel tax payments

• Store bank account information

• Request tax transcripts

• Add third parties for power of attorney and tax information authorizations

Learn more or set up a Business Tax Account here: https://www.irs.gov/businesses/business-tax-account