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IRS Online Account

By Mark Castro, CPA
November 23, 2021


Family with baby

IRS Online Services Account

It is important that preparers encourage their tax clients to go through the updated identity verification process and set up their IRS Online Account for the upcoming filing season.

Any taxpayer who received advance child tax credit payments during the last half of 2021 and/or received an Economic Impact (stimulus) Payment (EIP) will need the total amount of both of these payments in order to accurately complete their 2021 federal return. If these amounts are not entered correctly on the return and the calculated credit is therefore not correct, the processing of the return will be delayed.

Even though the IRS is providing the total advance child tax credit payments to the taxpayer via Letter 6419 and for the EIP via Letter 6475 some of your tax clients may have misplaced these letters or forgot to bring them when they come to you prepare their 2021 returns.

If your tax client has already set up their IRS Online Account before they come to you to file their federal taxes, you will be able to access this information by having them log-in to their account. The EIP payment information is available in their online account and the information on their advance child tax credit payments is available via a link in their account to the Child Tax Credit Update portal.

Create an IRS Online Account

To create their online account, an individual will go to View Your Account on the IRS website and select Log-in to your Online Account.
In order to access their account information, the individual will need the following to verify their identity:

  • Email address
  • Social Security Number
  • Photo ID (driver’s license, passport, passport card, or state ID)
  • Mobile phone with camera

Once they have these items they will select “Create an account with ID.me” on the IRS Online Account Sign in page and will do the following:

  • Enter an email address they can access and choose a password
  • Accept ID.me’s terms and conditions and select “Create account”
  • Confirm their email address
  • Select a multi-factor authentication option such as “Text message or phone call”
  • Take a picture of their photo ID and submit it to ID.me
  • Take a video selfie of themselves and submit it to ID.me
  • Enter other request information and their Social Security Number

For a more detailed explanation see IRS – How do I verify my identity for the IRS? page on the ID.me website.

The new IRS authentication process makes it easier for individuals to complete the process through the expanded use of identity documents and increased help desk assistance for individuals who encounter any problems when attempting to verify their identity.

IRS Online Account Services

By Mark Castro, CPA
In addition to being able to view their EIP payment amount and get access to their Advance Child Tax Credit payment information, individuals can also view the following while in their IRS online account:

  • Their tax records – Current plus previous three years is available to view and print.
  • Key information from most recent tax return
  • Their address on file
  • Their payment history and any pending or scheduled payments
  • Make payments either for the tax return or estimated payments

Once they have went through the verification process when setting up their Online Account the taxpayer will have access to other IRS online tools such as:

For more information on the IRS Online Account, see the following:

Are you prepared for Tax Season?

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Checklists
Are you prepared for Tax Season?
Free January Pre-Season Business Checklists!
From software and banking setup to training and marketing tasks, make sure your tax business is ready by downloading your January Pre-Season Readiness Checklist today!
Download Now