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5 Reasons You Should Have an Online IRS Account

by Jessica BenjaminMay 2, 2022Tax Accounting

Creating an online IRS account is a quick way to always have access to your tax information. Some of the tax data available is the status of your refund or amount owed, payment history for the last five years, economic impact payment history, advance child tax credit payment amounts, and authorizations for your tax professional, which is extremely helpful for your CPA.

(1) Personal Information

When logged into your IRS online account you can edit your email address and change your preferences for paper notices.

It’s worth mentioning here that you can view your mailing address on file, but you cannot change your mailing address through the online account.

To change your mailing address,

    • If you have not yet filed your income tax return, simply use your new address when you file your return. When your taxes are processed, the address will be updated in the IRS records.
    • If you’ve already filed your taxes, you must submit Form 8822 by mail to the IRS.

(2) Account Status & Balance

You can use your online IRS account to check the status of your return no matter how you filed. You can also see if you owe taxes or if you are owed a refund.

Create Your IRS Account

(3) Payment History and Options

If you owe the IRS, you can log into your online account to pay online or set up a payment agreement. The details of any payment agreement are available as well as the ability to edit the payment plan.

The online IRS account allows payments from your bank account or payments made with debit or credit cards.

(4) Tax Records

Years of tax records are available in your account, which also includes any Advance Child Tax Credit payments received and any Economic Impact payments received.

(5) Transcripts

Your online account provides years and years of income tax records. To have access to those transcripts is incredibly valuable for you and your tax preparer.

CPA For Tax Preparation and Planning

Creating your IRS online account and providing the available tax history to your CPA is a tremendous benefit when preparing taxes and when planning tax strategies for the future.

(985) 727-9924

Secure Your Tax Records During Hurricane Season

by Jessica Benjamin | August 2, 2023 | Individual Accounting, Tax Accounting, Uncategorized | 0 Comments

As we head into the peak of hurricane season, taxes are most likely not your highest priority. But, as with any potential disaster, it’s incredibly important for taxpayers to protect records and key documents—not only for your peace of mind but to aid in any recovery...
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Do This, Not That: Common Social Security Mistakes

by Stephen Griffin | April 28, 2023 | Tax Accounting | 0 Comments

Social Security is an important benefit for Americans—and yet, many do not fully understand the strategy that goes into managing Social Security income.  The Harris Poll and the Nationwide Retirement Institute recently found that only 54% of Americans who are not...
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New Rules, Same Ways to Reduce Your Tax Bill

by Stephen Griffin | February 27, 2023 | Tax Accounting | 0 Comments

With new and changing laws every year, it is increasingly easy for taxpayers to overlook deductions and credits that may reduce their tax liability. This year, we want to highlight the American Plan Rescue Act of 2021—which fleetingly increased specific tax credits...
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CPA Firm, Griffin & Furman, Expands Footprint in Louisiana

by Griffin & Furman | October 5, 2022 | Accounting for Business, Accounting for Credit Unions, Accounting for Local Government, Accounting for NonProfits, Accounting for State Retirement Systems, Tax Accounting | 0 Comments

Baton Rouge, Louisiana (October 6, 2022) – Griffin & Furman, LLC, certified public accounting firm, is expanding its footprint in Louisiana with the addition of a Baton Rouge office. Effective September 16, 2022, Michael R. Choate and Company CPAs merged into...
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Two Promotions at Griffin & Furman!

by Stephen Griffin | August 16, 2022 | Accounting for Business, Accounting for Credit Unions, Accounting for Local Government, Accounting for NonProfits, Accounting for Small Business, Tax Accounting | 0 Comments

Thanks to their individual initiative, two of our team members have recently received promotions within Griffin & Furman.   We strive to recognize leadership in our team members, and because of their enterprising spirits, we have recently promoted Linda Alford to...
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The information contained within this website is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax, or financial advice from a professional accountant. Presentation of the information via the Internet is not intended to create, and receipt does not constitute, an accountant-client relationship. Internet subscribers, users and online readers are advised not to act upon this information without seeking the service of a professional accountant. Any U.S. federal tax advice contained in this website is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

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