IRS Account -  What Can You Do With It

I have to give the IRS credit for doing a wonderful job of improving Taxpayer online account portals. It seems like everytime I access my IRS account there is a new feature. I will share some of tose resources here, but please note they may add more or change the layout after I post this information.

For how to access your irs.gov account and how to issues with loggin in, click here. (coming soon)

Through an IRS Online Account, a taxpayer can:

Balances & Payments:

  • View account balance (total and by year)
  • View payment history
  • Make payments for:
    • balances due-paying amount owed
    • estimated (quarterly payments)-paying ahead
    • OIC application fee or payment 
    • Proposed taxes (from IRS letter)
  • Set up or manage a payment plan (if in compliance) -view options and fees
  • Request an OIC-Offer in Compromise- OIC allows you to settle your tax debt for less than the full amount you owe

View Notices & Letters (some-they all don't always show here)

 

Records & Stats

  • Information Documents (shows W2s, 1099s, and 1095A for Taxpayer) **does not show all 1099s like SSA-1099  nor 1098s **recommend Wage & Income Trasncript be pulled as well 
  • Run a Tax Complaince Report 
  • View Transcripts --all will be redacted/masked names, addresses and tax ID numners (SSN and EINs)
    • Wage & Income Transcript-shows all W2s, 1099s and 1098s reported by companies to IRS last 10 years
    • Account Transcipt - shows specific yeat account balance, whether return was filed, payments, refunds, interest, penalties, etc. (shows last 10 years)
    • Tax Return Transcript - (Shows Recent filing and 3 prior years only)
    • Record of Account - contains Account & Tax Return transcript in 1 report  (Shows Recent tax year and 3 prior years only)
  • View Audit Status
  • View Refund Status
  • View Amended Return Status 

Under Profile:

  • Update Taxpayer:
    • Email address
    • Bank account information
    • Language preference
    • Accessibility preferences  (large print, braille, audio, etc)
    • Communication prefernces (paper ot electronic)
    • Apply for or view assigned IP-PIN Identity Protection PIN number

Forms

  • Trump Account -Register a child for a Trump Account
  • Other Forms -This page lists signature-required forms that are currently available to submit online, -you can sign them electronically as well. Some of the forms are:
    • OIC-Offer in Compromise
    • Request for Abatement/Refund of fees and peanties
    • Request for Innocent Spoiuse Relief
    • Request to receive a copy of a fraudulently filed tax return