In an effort to modernize and enhance services for businesses, the Internal Revenue Service (IRS) has unveiled the second phase of its online self-service tool – the Business Tax Account. This expansion marks a significant step forward in the IRS’s ongoing transformation efforts to provide a more efficient and user-friendly experience for business taxpayers. The latest update extends access to the Business Tax Account to individual partners of partnerships and individual shareholders of S corporation businesses, in addition to sole proprietors. Below are a few key features of the expansion:

Eligibility for a Broader Spectrum of Entities

Individual partners and individual shareholders gain access to the Business Tax Account once they have filed a business return with Schedule K-1 and the IRS has processed it. Access requires a Schedule K-1 for a minimum of one year between 2019-2022. New businesses will obtain access after submitting, processing, and filing a business return.

Sole proprietors with an Employer Identification Number (EIN) can qualify to access their Business Tax Account. Those with an existing individual account linked to their EIN can use their current login credentials. However, sole proprietors without an EIN can still access their tax records through an IRS individual Online Account.

PDF Download of Business Tax Transcripts

A notable addition to the Business Tax Account is the ability for users to download a PDF of their business tax transcript. This feature is available for sole proprietors, S corporations, and partnerships, covering various IRS forms such as 940, 941, 943, 944, 945, 8752, 8288, 11-C, 730, 1120S, 1065, 8804, and 2290.

Viewing Notices for Sole Proprietors

Sole proprietors can now view specific notices through the Business Tax Account. These include reminders for unfiled returns (CP080), notifications of federal tax deposit requirements (CP136), and approvals for extensions of time to file employee plan returns (CP 216F).

Simplifying Tax Obligations

The Business Tax Account is envisioned as a comprehensive, one-stop application offering digital products and services for business taxpayers. By providing a centralized and digital platform, the Business Tax Account aims to streamline the tax obligations of businesses. This will reduce the need for taxpayers to call or mail the IRS, offering a more convenient and efficient means of managing tax-related tasks.

Setting Up the Business Tax Account

To set up a new Business Tax Account or to learn more about this application, businesses can visit

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