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🎯 Friday Tax Questions / Answers | June 26, 2026

Stay informed with this week's NEW 2026 tax questions and answers from the latest IRS guidance!

❓Q1: Can I update my personal information, such as my address or bank account, through my IRS Online Account?

✅ Answer: Yes. The IRS continues expanding online account services, allowing eligible taxpayers to securely manage account information, view notices, make payments, and access tax records online.

❓Q2: Why is maintaining accurate business records important even after tax season?

✅ Answer: Good recordkeeping helps support deductions, prepare future tax returns, respond to IRS notices, and ensure compliance if your return is reviewed or audited.

❓Q3: What should tax professionals do to reduce the risk of phishing and cyberattacks?

✅ Answer: The IRS recommends implementing a Written Information Security Plan (WISP), using multi-factor authentication, encrypting sensitive data, regularly updating software, and training employees to recognize phishing attempts.

❓Q4: Why should taxpayers review IRS notices instead of ignoring them?

✅ Answer: Many IRS notices simply request additional information or explain changes to a tax return. Reading and responding promptly can help resolve issues quickly and avoid additional penalties or delays.

❓Q5: How can taxpayers stay informed about new tax law changes throughout the year?

✅ Answer: The IRS encourages taxpayers and tax professionals to regularly visit IRS.gov, subscribe to IRS e-News, follow verified IRS social media accounts, and consult qualified tax professionals for guidance on new tax legislation and filing requirements.

📌 2026 Tax Insight: Tax success isn't just about filing a return—it's about staying informed, protecting your information, and planning ahead throughout the year.

📲 DM us or click the link in bio to connect with a tax expert who can help you stay compliant, maximize your tax benefits, and prepare for every tax season with confidence.

Did you know the answers to yesterday's tax questions? Let's find out!

1️⃣ What is a Written Information Security Plan (WISP)?
✅ A WISP is a legally required security plan that helps tax professionals protect sensitive client information from cyber threats, identity theft, and unauthorized access.

2️⃣ Can extension filers still use IRS Free File?
✅ Yes. Eligible taxpayers who requested a filing extension can still use IRS Free File to submit their 2025 federal tax return before the October 15, 2026 deadline.

3️⃣ How should taxpayers prepare for disasters?
✅ The IRS recommends backing up important tax records digitally, securing paper documents in a safe place, updating emergency contact information, and creating a disaster preparedness plan.

4️⃣ Why is the IRS Data Book important?
✅ The IRS Data Book provides valuable information about return processing, taxpayer services, enforcement activities, electronic filing trends, and overall IRS operations, helping tax professionals better understand the tax system.

5️⃣ How is the IRS improving fraud prevention?
✅ Through its partnership with the Security Summit, the IRS is strengthening information sharing, improving identity verification, and enhancing fraud detection to better protect taxpayers and tax revenue.

📌 2026 Tax Insight: Staying informed about IRS updates, cybersecurity, and new taxpayer resources helps prevent costly mistakes and keeps you prepared all year long.

📲 DM us or click the link in bio to connect with a tax expert who can help you stay compliant, protect your information, and maximize your tax benefits.