A new IRS tax account is set to launch in 2024, offering a range of online features to make tax time easier for entrepreneurs.
The account will allow businesses to check their tax payment history, make payments, view notices and access the benefits of an individual tax account.
The account is currently available only to solopreneurs, but the IRS encourages small business owners to establish an account now to ensure their filing information aligns with the IRS. Once the IRS launches the new features, business owners will be ready to take advantage.
The IRS expects the tax account to save entrepreneurs time and effort in tax research and communication with the agency.