The IRS is Introducing Business Tax Accounts

I can’t emphasize enough what a great announcement this is.

Previously, there was no centralized-location to view items related to business taxes like there are for individuals.

Items such as POA’s, tax transcripts, IRS notices, bank info, etc, will eventually all be available to the business owner with their login. Tax preparers will also have access to these items if granted, allowing them to service their clients far more efficiently than previously since there was no central-location these items could be accessed.

The first phase of this offering has been made available to sole proprietors who have an EIN number - and accounts are able to be created at the IRS’s website here. If you’re a sole proprietor with an EIN, I HIGHLY recommend getting an account set up.