While the IRS provides several online tools and options to get information on your personal tax (1040) return, business owners have to instead call the IRS to get help with questions related to corporate refunds.
The IRS have themselves stated that for any business related tax returns and refund information, company representatives should call the IRS at 800-829-4933 (or +1 267-941-1000, from outside the U.S).
Business taxpayers continue to feel the strain of delays in IRS processing. Some business taxpayers are still waiting for pandemic relief benefits, as the IRS has over 250,000 unprocessed Forms 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund, in its inventory.
Unfortunately, some cannot be processed until the related Form 941, Employer’s Quarterly Federal Tax Return, is processed first, and as of November 2, the IRS still had about 2.5 million Forms 941 in its inventory awaiting processing.Taxpayer Advocate Service
However the incidence of business owners needing to call the IRS is relatively much lower since the vast majority of IRS classified business organizations, which include sole proprietorships, partnerships, limited liability companies (LLCs) and S corporations, are pass-through entities.
These entities’ profits are passed through to the business owners and assessed at that level. So if Jim runs his business as an S-Corp which makes $50,000 in profits, that amount is assessed as taxable income (net of any allowed deductions) on his personal tax return.
Note that business of all types still need to file tax returns to claim the various tax credits and deductions available to them. It’s the net profit that flows through to owners as business income.
C corporations, which are considered a sperate entity from business owners, however pay federal income taxes at the corporate level. These our largest companies (think Walmart, Apple, General Motors) and do file returns. However they have internal accountants and tax professionals who work with dedicated IRS teams. See more on the IRS business’ page.