05/15/2026
✅ 1. Can taxpayers still request an extension after missing April 15?
An extension must generally be requested by the filing deadline. If missed, taxpayers should file as soon as possible to reduce penalties and interest.
✅ 2. What is the IRS Business Tax Account?
The IRS expanded Business Tax Account access in 2026 to partnerships, tax-exempt organizations, and government entities for managing tax information online securely.
✅ 3. How does “No Tax on Tips” work?
Qualified tip income may now receive favorable tax treatment under updated 2026 IRS guidance and regulations.
✅ 4. What should taxpayers do after an ERC disallowance notice?
Taxpayers can review the notice carefully, respond with supporting documentation, request Appeals review, or use Form 907 for additional review time in certain cases.
✅ 5. Is gig income taxable without a 1099?
Yes. All income earned through gig work, freelancing, or side jobs must be reported, even if no tax form is received.
✅ 6. How can taxpayers identify tax scams?
Be cautious of promises of huge refunds, aggressive refund schemes, fake IRS messages, and preparers who refuse to sign returns.
✅ 7. Can unpaid taxes be handled online?
Yes. The IRS offers online payment plans and tools to help taxpayers manage balances and payment options.
✅ 8. How can tax preparers improve client security?
Use strong passwords, multi-factor authentication, encrypted systems, and secure document-sharing methods.
✅ 9. What documents should taxpayers keep?
Keep W-2s, 1099s, receipts, deduction records, bank statements, and prior-year returns for at least three years.
✅ 10. Are cryptocurrency transactions taxable?
Yes. Selling, exchanging, or receiving digital assets can create taxable events that must be reported to the IRS.
📌 Staying informed helps taxpayers and tax professionals avoid mistakes, reduce risks, and stay compliant during the 2026 tax season.
📲 DM us or click the link in bio to connect with a tax expert who can help you stay compliant and informed this tax season!
