We’ve entered tax season; you have until April 18 to submit your taxes, and the IRS began taking 2022 tax returns on January 23.
If you don’t know where to begin with your taxes this year, start by opening a free online account with the IRS and then look at the top tax software for 2023.
It takes some effort, but it’s worth it to register with the IRS online. Once you’ve logged in to the IRS system, you can obtain entire transcripts from prior tax years as well as the data you need to file this year electronically, such as your adjusted gross income (AGI) for 2021.
Important reasons to create an online account with the IRS
The key reason of getting an IRS account is the ability to check up your tax information quickly. Once you’ve enrolled, you can access a variety of your tax data, such as:
- Your gross adjusted income
- Your most recent tax return’s specifics
- Past five-year payment history
- Amount owing in taxes at the moment
- Some IRS notices are available online
- Professional tax licenses
With an IRS online account, you can access your personal tax information as well as make payments online, opt for paperless delivery of some IRS letters, and consent to authorization requests from your tax advisor.
Tax documents, such as wage and income statements and transcripts of prior tax returns, are available immediately. To further secure your tax records, you can open an online account and ask for an Identity Protection PIN.
Tax professionals advise setting up an IRS online account in case you ever encounter a tax issue or concern. It’s preferable to already have an account than to be compelled to register online while under the pressure of an ongoing tax issue.
The simplest method is to go to the IRS website’s Your Account Online page. Click the blue “Sign in to your online account” button to begin the registration process. Click here to visit the IRS website.