Key Takeaways
- The Internal Revenue Service (IRS) has expanded Business Tax Account access to tax-exempt organizations, enabling designated officials to manage tax data, payments, notices, transcripts and compliance reports online.
- The IRS defines designated officials as organizational officers, board chairpersons or trustees, clarifying authorized access and governance for secure management of federal tax accounts.
- These enhancements reduce manual processes and call volume while improving access to tax information, payment monitoring and transcript requests, strengthening digital tax compliance and operational efficiency.
The Internal Revenue Service announced a significant expansion of its Business Tax Account, making the online self-service platform available to tax-exempt organizations.
The Business Tax Account is a secure, streamlined platform that allows eligible users and designated officials to manage their federal tax responsibilities online. This expansion will now allow users to:
- View business information on file and manage access for designated users.
- View tax balances, make payments and see payment history.
- View IRS notices and letters.
- View eligible transcripts.
- Download tax compliance reports.
A designated official is identified by the IRS to be:
- An officer of the organization (i.e., president, vice president, treasurer, secretary, chief executive officer, chief financial officer, chief operating officer)
- A board chairperson
- A trustee of a trust
This expansion will help private foundations reduce the burden of relying on manual processes to complete routine tasks and allow for:
- Faster access to tax information.
- Enhanced ability to monitor payments and account activity.
- Reduced phone inquiry and wait times with the IRS.
- Efficient requests for transcripts.
Conclusion
This announcement is part of the ongoing effort of the IRS to enhance taxpayer services. It will provide exempt organizations with a more refined, digital experience for managing federal tax obligations.
Contact Us
We welcome the opportunity to answer any questions you may have related to this topic or any other accounting, audit, tax or advisory matters relative to private foundations. Please call 212.286.2600 or email any of the Private Foundation Services team members below:
- Thomas F. Blaney, CPA, CFE
Partner
Co-Director of Foundation Services
tblaney@pkfod.com - Joseph Ali, CPA
Partner
jali@pkfod.com
Scott Brown, CPA
Partner
sbrown@pkfod.com - Anan Samara, EA
Partner
asamara@pkfod.com - Christopher D. Petermann, CPA
Partner
Co-Director of Foundation Services
cpetermann@pkfod.com
Elizabeth Gousse Ballotte
Partner
eballotte@pkfod.com
Michael R. Koenecke, CPA
Partner
mkoenecke@pkfod.com