IRS expands business tax accounts ...Middle East

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Individual partners of partnerships and individual shareholders of S corps are now eligible for a business tax account, according to the Internal Revenue Service, joining sole proprietors. The IRS said the expansion was part of the second phase of a new online self-service tool for businesses. Available at IRS.gov/businessaccount, the new account is a part of the agency’s continuing service improvement initiative. IRS Commissioner Daniel Werfel testifying before the House Ways and Means Committee “This next step in the evolution of the business tax account will help these businesses download transcripts and other features,” said IRS Commissioner Danny Werfel, in a statement. “These n

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Last updated : 19 Dec 2023 clock 02:29 AM

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