Do You Have an IRS Online Account? Should You?

You may ask why you should have an IRS Online Account.  And, what exactly is an IRS Online Account?

An IRS online account is a safe and easy way for individual taxpayers to view details about their federal tax account. Among the benefits and features of this online system are the ability to view

  • A payoff amount, updated daily, for amounts owing
  • Annual balances of taxes owed
  • Payment History
  • Information about the most current tax return as filed
  • Payment plan details if one is in place
  • Copies of select IRS notices
  • Information on Economic Impact Payments received
  • Taxpayer address on file

After viewing your information, you have options to set up an electronic payment option, set up an online payment agreement or get a copy of your tax transcript.

Also, there is a new feature which allows a taxpayer to control who can represent them before the IRS or view their tax records. 

Account balances will update once every 24 hours, usually in the nighttime hours, but if you are looking for payment history, you may have to allow 1 to 3 weeks for payments to show up in your history. 

If you want to stay on top of your federal taxes by accessing information online, you must register through Secure Access at irs.gov.   This is the agency’s two-factor authentication process that protects personal information. Taxpayers can review the Secure Access page process prior to starting registration.

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Established in 1876, Capehart Scatchard is a diversified general practice law firm of over 90 attorneys practicing in more than a dozen major areas of law including alternative energy, banking & finance, business & tax, business succession, cannabis, creditors’ rights, healthcare, labor & employment, litigation, non-profit organizations, real estate & land use, school law, wills, trusts & estates and workers’ compensation defense.

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