IRS Encourages Taxpayers to Create Individual Online Accounts
The IRS is taking significant steps to enhance taxpayer security and convenience by encouraging the creation of Individual Online Accounts. This secure digital portal allows taxpayers to access their tax information safely and mitigates risks associated with identity theft and fraud.
Benefits of Creating an Individual Online Account
The Individual Online Account provides taxpayers with 24/7 access to various tax-related services. These services include:
- Viewing refund statuses
- Accessing transcripts and payment history
- Downloading important documents, like W-2s and 1099s
This functionality resembles online banking, making it easier for users to manage their tax affairs without the delays of traditional methods.
Improved Access and Document Availability
Starting in early 2025, the IRS expanded account features to include downloadable copies of key tax documents. Taxpayers can access:
- W-2 forms (Wage and Tax Statement)
- 1095-A (Health Insurance Marketplace Statement)
- Various 1099 forms, such as those for non-employee compensation and interest income
These documents are essential for accurately filing tax returns and are available for the years 2023, 2024, and 2025. Taxpayers can find these documents under the “Records and Status” tab within their accounts.
Streamlined Tax Management
The Individual Online Account allows users to perform several routine tasks efficiently:
- Check the status of refunds and amended returns
- Request an identity protection PIN
- Manage communication preferences
By utilizing this platform, taxpayers can minimize the need for phone calls or mailing paperwork, enhancing the overall efficiency of managing tax matters.
Encouragement for Tax Professionals
The IRS also urges tax professionals to promote this initiative by encouraging clients to set up their accounts. By using Tax Pro Accounts, professionals can undertake authorized actions on behalf of their clients, further facilitating a streamlined tax experience.
The IRS’s commitment to expanding digital access aims to improve customer service, enhance transparency, and empower taxpayers to have greater control over their tax information in a secure online setting. By creating an Individual Online Account, taxpayers can enjoy a more convenient and secure method of managing their tax responsibilities.
