The IRS on Thursday unveiled a digitally authenticated Tax Compliance Report, found through IRS Individual Online Account, that shows whether a taxpayer filed tax returns and paid taxes on time.
Taxpayers can securely obtain and download the report when applying for a job, a loan, a government benefit, or another service that requires tax compliance information.
According to the IRS, the Tax Compliance Report provides only the information needed to confirm a taxpayer’s federal tax compliance. The report doesn’t show the person’s income, dependents, or filing status.
The IRS touted the following advantages of a Tax Compliance Report:
- Privacy protection: Confirms compliance by listing filing history, balances owed and relevant issues, without disclosing unnecessary personal return information.
- Broader coverage than a transcript: Covers more years than a traditional tax transcript, offering a comprehensive view of your filing and payment history.
- Easy to read: Provides a clear compliance status: compliant, non-compliant, or compliance issue.
- Available anytime: Download the current version from your IRS account whenever you need it.
Financial institutions, government agencies, and other organizations that receive the report from a taxpayer can use its built-in digital certificate to confirm its authenticity. The certificate also helps protect taxpayer information and maintains the integrity of the report, the IRS said on Aug. 20.
“By providing a secure, digitally authenticated report, the IRS is making it easier for taxpayers to access and share important information while protecting privacy and data integrity,” IRS CEO Frank Bisignano said in a statement.
Key benefits of the Tax Compliance Report include:
- Authenticated and secure: Each Tax Compliance Report includes an IRS-issued digital certificate that confirms its authenticity.
- Built-in verification: Verification features are embedded directly in the downloadable file.
- On-demand access: Taxpayers can access and download their report at any time through their IRS Individual Online Account.
- Standardized assurance: Each report includes the same authentication and verification features.
For more information, visit Tax Compliance Report on IRS.gov.
Sign in to get access to this free resource, and all of our whitepapers and reports.
Download this content today!
Register Now Already registered? Click here to Log In
