WASHINGTON, D.C. — The Internal Revenue Service has expanded its Business Tax Account platform with additional digital notices, payment options and account-management tools, widening the agency’s push to move more federal tax interactions for eligible businesses and organizations online.
The additions allow users to access a larger collection of IRS notices, make payments toward existing installment agreements and submit Offer in Compromise payments for tax debts proposed to be settled for less than the full amount owed.
Designated officials can also download Notice CP575, which verifies a business’s Employer Identification Number. The document can be used instead of Letter 147C for EIN verification at banks and financial institutions, according to the IRS.
Among the digital notices recently added to the platform are CP081B, which informs taxpayers that the IRS may have a refund for them; CP211A, approving an extension of time to file; and CP134R, concerning a federal tax deposit discrepancy resulting in a refund.
“By expanding online self-service options, BTA makes it easier for eligible businesses and organizations to manage their federal tax obligations securely and conveniently online without making a phone call or traveling to a physical office,” IRS Chief Executive Officer Frank J. Bisignano said.
Business Tax Account is currently available to sole proprietors with an IRS-issued EIN, S corporations, C corporations, federal, state and local governments, tribal governments and tax-exempt organizations.
Certain individual partners and shareholders can also use the system if they have a Social Security number or individual taxpayer identification number and a Schedule K-1 on file. The IRS currently supports K-1 records for partners for tax years 2012 through 2023 and shareholders for tax years 2006 through 2023.
Available functions vary by business type and the user’s role. Eligible users can view balances and make payments from bank accounts, including federal tax deposits and payments for current or prior tax years.
Businesses can schedule payments as far as one year in advance, cancel scheduled payments and review recently processed transactions. The payment history can include transactions made through the Electronic Federal Tax Payment System, wire transfers, checks and money orders, as well as payments that were returned or refused.
The platform also allows users to save multiple bank accounts in a digital wallet, request tax compliance checks, review the business name and address held by the IRS and grant account access to eligible employees.
Users can download certain payroll, income and excise tax return transcripts and access eligible IRS notices electronically.
The IRS plans to extend Business Tax Account access to additional types of businesses and organizations as it adds more online self-service capabilities.
Businesses must meet eligibility requirements and register before accessing their federal tax information through the system.
More information about eligibility and Business Tax Account is available at https://www.irs.gov/businesses/business-tax-account.
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