IRS broadens Business Tax Account access for S corporations, partnerships, and adds Business Tax Transcripts view

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The IRS has announced the launch of the second phase of a new online self-service tool for businesses. This tool expands the capabilities of business tax accounts and now allows individual partners of partnerships and individual shareholders of S corporation businesses to be eligible for a Business Tax Account, in addition to sole proprietors. The new business tax account can be accessed at IRS.gov/businessaccount and is part of the IRS' ongoing efforts to improve services for business taxpayers. This phase of the Business Tax Account introduces new features, including the ability to download a PDF of a business tax transcript and view certain notices. Here are the forms and notices that are now available through the account:

  • Forms available for sole proprietors: 940, 941, 943, 944, 945, 8752, 8288, 11-C, 730, and 2290.
  • Forms available for S corporations: 940, 941, 943, 944, 945, 8752, 8288, 11-C, 730, 1120S, and 2290.
  • Forms available for partnerships: 940, 941, 943, 944, 945, 1065, 8752, 8288, 8804, 11-C, 730, and 2290.
  • Notices available for sole proprietors: CP080 and CP136.
  • Notice available for partnerships: CP216F.

Individual partners and shareholders can access their Business Tax Account after filing a business return with Schedule K-1, which has been processed by the IRS. They must have a Schedule K-1 on file for at least one year between 2019 and 2022 to view information for that specific year. New businesses need to submit, process, and file a business return with the IRS to gain access. Sole proprietors with an Employer Identification Number (EIN) are eligible to access their Business Tax Account. They can use their existing login if they have already set up an individual account under their Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) and have linked their EIN to their SSN or ITIN. Sole proprietors without an EIN cannot create a Business Tax Account but can access their tax records through an IRS individual Online Account. In the future, the Business Tax Account will offer various digital services such as viewing letters or notices, requesting tax transcripts, adding third parties for power of attorney or Tax Information Authorization, and storing bank account information for managing tax payments. This will help taxpayers fulfill their tax obligations more conveniently, reducing reliance on contacting or mailing the IRS. For more information or to set up a new Business Tax Account, visit www.IRS.gov/businessaccount.