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Issue Number: Tax Tip 2023-72
Small business owners: these improvements are coming soon
Here’s what small business taxpayers can expect to see in the near future.
Expanded online service tools
The IRS will add more features to Business Online Account through 2024.
More ways to respond to notices and file documents
Later this summer, small business owners will be able to respond to certain notices online such as LTR0143C, Signature Missing. The IRS will continue to improve and expand these features.
By 2024, small business owners will be able to respond to correction of self-employment income, employment-related identity theft notifications and dozens of other online notices. The IRS will also update the notices with clear instructions on what taxpayers need to do.
Simplified, mobile-friendly forms
Improved processing times and faster refunds
Some of the forms that the IRS plans to make available online include popular forms such as Forms 1040 and 941.
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