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IRS New Release: IR 2023-243: Transformation work continues: IRS expands Business Tax Account access to S corporations, partnerships; adds ability to view business tax transcripts

  • Published on Dec 19, 2023
  • by TXCPA Houston

WASHINGTON — As part of continuing transformation work, the Internal Revenue Service today announced the launch of the second phase of a new online self-service tool for businesses that expands the business tax account capabilities and eligible entity types.

As a result, individual partners of partnerships and individual shareholders of S corporation businesses are now eligible for a business tax account in addition to sole proprietors.

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