The IRS has gone digital.

Information from IRS.gov – The Internal Revenue Service launched a new feature that will give taxpayers digital control over who can represent them or view their tax records, a groundbreaking step in the agency’s expansion of electronic options for taxpayers and tax professionals.

The new feature, one of many recent enhancements to the Online Account for individuals, will allow individual taxpayers to authorize their tax practitioner to represent them before the IRS with a Power of Attorney (POA) and to view their tax accounts with a Tax Information Authorizations (TIA).

The ability for taxpayers to connect online with their tax professional is a groundbreaking step for the IRS,” said Chuck Rettig, IRS Commissioner. “This is the first, basic step toward a more fully integrated digital tax system that will benefit taxpayers, tax professionals and the IRS.” Click here to read more in this press release.

This new digital experience will allow us to retrieve and view all tax information that has been submitted to the IRS under your federal indication number, with also the ability to connect directly on an IRS issues and resolve in a more direct and efficient methods.

 

Tired of following the IRS paper trail?

Find all of your tax information in one location. By creating an IRS account (click here for how-to steps), you’ll have the ability to…

  • Fraud Check – See all returns filed in your name
  • Access Tax Records and Past Returns
  • View Balance and Notices
  • Payment Portal – View past payments, submit new payments, and learn about payment plans
  • View Economic Stimulus Payments
  • Review IRS Notifications and Letters
  • Give Storen Financial the ability to review your tax information if needed

 

Did you receive a letter from the IRS?

Why would the IRS contact you? The IRS sends notices and letters for the following reasons:

  • You have a balance due.
  • You are due a larger or smaller refund.
  • There is a question about your tax return.
  • They need to verify your identity.
  • They need additional information.
  • Your return was changed.
  • They need to notify you of delays in processing your return.

Did you misplace the letter? No need to keep track of all of these notifications. You can view all of this information in your IRS account. If you give Storen Financial access to your account, we’ll be able to access any important information we need in order to keep you compliant with the IRS. Thus improving time efficiencies, communication errors and potential penalties.

This new digital experience is the future of the IRS. Have questions about how to setup your account? Click here for how-to instructions for setting up your IRS account.

Click here to learn more about our tax planning and preparations services. Or click here to contact us with any questions you have.

 

 

Blog by Daniel Walters – Tax Professional

Learn more about Daniel and the rest of the Storen Financial team here.