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Recent Tax Updates

Individual IRS Online Account

The IRS offers each taxpayer a way to access their federal tax information through their individual online account.

Now may be a good time for individuals to look at their IRS online account since they can now view what amounts they received for the first and second economic impact payments (EIPs). The IRS Online Account is where this information may be accessed in case an individual misplaced their Notice 1444 and/or Notice 1444-B which informed them of the amount they received on their first and second EIPs.

Currently, individuals can view the following in their online account:

  • Key information about their most recently filed federal tax return
  • The amount of the first and second EIPs they have received (under the Tax Records tab)
  • Their balance details by year
  • Any amount they owe, updated as of the current calendar day
  • Payment history and any scheduled or pending payments
  • Digital copies of select notices or letters from the IRS (under the Message Center tab)

Taxpayers may also do the following:

  • Make a payment online
  • See payment plan options and request a plan via an Online Payment Agreement
  • Access their tax records via Get Transcript

The IRS will continue to add more features to the individual online account in the future including the ability to digitally sign a power of attorney initiated by their tax professional.

For individuals that have not already set up an account, they will need to do the following:

  • Select View Your Account on the IRS.gov homepage
  • Click the “Create or View Your Account” button
  • Click “Create Account”
  • Pass the “Secure Access” authentication process. The individual must be able to authenticate their identity to access their account. The Secure Access process is how they verify who they are.

Once the initial authentication process is complete, the individual will then be able to use their username and password to access their online account, Get TranscriptGet An Identity Protection PIN (IP PIN), and other IRS online services that require the individual to log in.

 For more information see the following on the IRS website:

Mark Castro, CPA

Mark Castro, CPA

Mark has been with CrossLink Professional Tax Solutions (CPTS) since 2008, but has been in the tax industry since 1990. As the government/tax industry liaison for CPTS, Mark has been very active in working with the IRS, States, and other tax industry members to help improve communications, promote standardization, and simplification of eFile systems. Mark has also been active with industry associations as a board member of the National Association of Computerized Processors (NACTP) and the Council of Electronic Revenue Communication Advancement (CERCA) for many years. These two associations work with the IRS and States to help solve key eFile and electronic tax system issues and work to improve the operations of the State and IRS eFile systems.
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