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IRS Expands Business Tax Accounts!

Audio version available here:

Length: approx. 1 min.

Attention business owners! Previously available to just sole proprietors, the IRS has expanded eligibility and access to business tax accounts to “individual partners of partnerships and individual shareholders of S corporations”.

Sole proprietors, S corporations, and business partnerships now have the ability to download a PDF version of their business tax transcript. These forms include but are not limited to: Forms 940, 941, 943, 8288, and 2290. Sole proprietors also can view certain notices such as the CP080, CP136, and CP216F.

In order to access their business tax account, individual partners and individual shareholders must have previously submitted a business return with a Schedule K-1 and had it processed by the IRS. Sole proprietors can use their existing log in tied to their Employer Identification Number (EIN) to access their account. Without an EIN, sole proprietors can instead sign up for an “IRS individual online account”.

For further details and instructions on where and how to set up an account, check out our source articles, or reach out to our tax professionals at XQ CPA for guidance. We would love to help you.

Phone: 832-295-3353

IRS business tax account info page


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