2 Eazy Tax Pros

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.

Tax laws continue to evolve in 2026! Can you answer these important IRS questions?

1️⃣ What is a Written Information Security Plan (WISP), and why is it required for tax professionals?

2️⃣ Can taxpayers who filed an extension still use IRS Free File to submit their federal tax return?

3️⃣ What steps does the IRS recommend to protect important tax records before a natural disaster or emergency occurs?

4️⃣ What information does the IRS 2025 Data Book provide, and why should tax professionals pay attention to it?

5️⃣ How is the IRS working with Security Summit partners to better protect taxpayers from identity theft and tax fraud?

💬 How many did you know? Share your answers in the comments!

📌 These are important 2026 tax questions every taxpayer and tax professional should know.

✅ Stay tuned for Friday Tax Answers!

📲 DM us or click the link in bio to connect with a tax expert who can help you stay compliant and informed throughout the year.

Stay up to date with the latest IRS announcements affecting taxpayers, tax professionals, and businesses!

🔹 Electronic Tax Administration Advisory Committee Releases 2026 Report
The IRS Electronic Tax Administration Advisory Committee (ETAAC) released its 2026 Annual Report featuring 18 recommendations, including 6 recommendations to Congress, aimed at improving electronic tax administration, cybersecurity, and taxpayer services.

🔹 27 States Join the Federal Scholarship Tax Credit Program
More than half of U.S. states are now participating in the new Federal Scholarship Tax Credit (FSTC) program, allowing eligible taxpayers to claim federal tax credits for qualified contributions supporting K–12 scholarships.

🔹 IRS Strengthens Fraud Prevention
The IRS and its Security Summit partners announced a new framework to improve collaboration between the public and private sectors, helping combat identity theft, tax fraud, and refund scams while protecting taxpayer information.

🔹 IRS Releases 2025 Data Book
The newly published IRS Data Book provides insights into agency operations during Fiscal Year 2025, including taxpayer services, return processing, enforcement activities, and electronic filing statistics.

🔹 New Guidance for Tax-Exempt Organizations
The Treasury Department and IRS announced plans to issue proposed regulations addressing the excise tax on excessive executive compensation for certain tax-exempt organizations under the One, Big, Beautiful Bill.

🔹 IRS Hiring Nationwide
The IRS continues recruiting Customer Service Representatives and Tax Examining Technicians through nationwide hiring events running through July, offering new career opportunities across the country.

📌 Tax News Takeaway:
The IRS continues investing in stronger security, improved digital services, taxpayer assistance, and modernized tax administration. Staying informed helps taxpayers and tax professionals prepare for ongoing changes throughout 2026.

📲 DM us or click the link in bio to connect with a tax expert who can help you stay compliant, informed, and ready for the latest IRS updates.

Stay informed with this week's IRS tax tips for taxpayers and tax professionals!

🔒 Tax Pros: Protect Client Data with a WISP
The IRS reminds tax professionals that a Written Information Security Plan (WISP) is required by law. A WISP helps protect sensitive client information from data breaches, cyberattacks, and identity theft.

📂 Don't Wait to File Your Extended Return
If you requested a filing extension, remember that the extension gives you more time to file—not more time to pay. Free filing options remain available, and the IRS encourages taxpayers to file well before the October 15 deadline.

🌪️ Prepare for Disasters Before They Happen
Hurricane season and other emergencies can disrupt important records. The IRS recommends safeguarding tax documents, creating digital backups, and developing a disaster preparedness plan now.

🏢 Starting a Business? Choose the Right Structure
Future business owners should carefully consider whether a sole proprietorship, partnership, LLC, or corporation best fits their goals. The right structure can impact taxes, liability, and reporting requirements.

🎨 Hobby or Business? Know the Difference
If you're earning income from a side activity, it's important to determine whether it's considered a hobby or a business for tax purposes. Proper classification affects how income and expenses are reported.

📌 This Week's Tax Tip:
Being proactive today—whether protecting data, organizing records, or planning ahead—can help you avoid costly tax issues tomorrow.

📲 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.

A new week brings new opportunities to grow, improve, and move one step closer to your financial goals.

💼 To Tax Preparers:
Your expertise makes a difference every day. Whether you're helping clients navigate tax law changes, resolve tax issues, or plan for the future, your work creates confidence and peace of mind. Every return prepared and every question answered is an opportunity to make a positive impact.

👨‍👩‍👧‍👦 To Taxpayers:
Financial success isn't built in a single tax season—it's built through consistent planning, smart decisions, and staying informed throughout the year. Take small steps today that will make next year's tax season easier and more rewarding.

📌 The IRS encourages taxpayers to stay organized year-round, maintain accurate records, review withholding when needed, and use available online tools to manage their tax information efficiently.

✨ Monday Motivation:
"Success comes from what you do consistently, not occasionally. Every positive financial step you take today creates a stronger tomorrow."

Let's make this week productive, compliant, and full of progress!

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

Tax laws and IRS tools continue to evolve in 2026. Here are five important questions taxpayers and tax professionals are asking this week:

❓Q1: How do I know if my side hustle is considered a business or just a hobby?

✅ Answer: The IRS generally looks at factors such as profit motive, business records, time invested, and efforts to make the activity profitable. Businesses report income and expenses differently than hobbies, so proper classification is important.

❓Q2: Should I review my tax withholding even though filing season is over?

✅ Answer: Yes. The IRS recommends checking your withholding throughout the year, especially after life changes such as marriage, a new job, retirement, or changes in income. Adjusting withholding now can help avoid surprises next filing season.

❓Q3: What tax benefits may be available to homeowners?

✅ Answer: Depending on eligibility, homeowners may qualify for benefits related to mortgage interest, property taxes, energy-efficient home improvements, and certain housing-related programs. Maintaining accurate records is essential.

❓Q4: What should I do if I discover an error on a tax return I already filed?

✅ Answer: If you find a mistake after filing, you may need to submit an amended return. Common corrections include filing status changes, income updates, missed deductions, or overlooked tax credits.

❓Q5: Why is keeping tax records throughout the year so important?

✅ Answer: Good recordkeeping helps support deductions and credits, simplifies tax preparation, assists with audits or notices, and ensures accurate reporting of income and expenses.

📌 2026 Tax Insight: The most successful taxpayers don't wait until tax season to get organized. Year-round planning, recordkeeping, and staying informed can save time, money, and stress.

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

🎯 Friday Tax Questions / Answers | June 5, 2026

Every week, we answer important tax questions that taxpayers and tax professionals are asking in 2026!

❓Q1: Can I still file my 2025 tax return if I missed the April deadline?

✅ Answer: Yes. The IRS encourages taxpayers who missed the deadline to file as soon as possible. Filing quickly may reduce penalties and interest, and some taxpayers may still qualify for refunds or credits.

❓Q2: What should I do if I receive a letter from the IRS?

✅ Answer: Don't ignore it. Read the notice carefully, follow any instructions provided, and keep a copy for your records. Many notices can be resolved without calling the IRS.

❓Q3: Can I check my tax account information online?

✅ Answer: Yes. An IRS Individual Online Account allows taxpayers to securely access tax records, payment history, notices, and other important information.

❓Q4: I have tax debt. Do I have options besides paying the full amount immediately?

✅ Answer: Yes. Depending on your circumstances, you may qualify for payment plans, installment agreements, or other IRS programs designed to help taxpayers manage tax debt.

❓Q5: How can small business owners protect themselves from tax scams?

✅ Answer: Be cautious of unsolicited emails, texts, social media messages, and phone calls claiming to be from the IRS. Always verify information through official IRS channels and work with trusted tax professionals.

📌 2026 Tax Tip: Staying informed year-round—not just during filing season—can help you avoid costly mistakes, protect your finances, and take advantage of available tax benefits.

📲 DM us or click the link in bio to connect with a tax expert who can help you stay compliant, informed, and prepared for the year ahead!

📰 Wednesday Tax News | June 3, 2026

Stay updated with the latest IRS news impacting taxpayers and tax professionals:

🔹 IRS Free File Still Available
Taxpayers who missed the filing deadline can still file their 2025 federal tax return at no cost using IRS Free File.

🔹 New Features Added to IRS Individual Accounts
Taxpayers can now view and submit Trump Account elections directly through their IRS Individual Account.

🔹 Saturday IRS Assistance Available
Select Taxpayer Assistance Centers offered Saturday hours to provide additional in-person support for taxpayers.

🔹 New IRS Calculator for Long-Term Contracts
Businesses involved in large construction and manufacturing projects can now use a new IRS look-back interest calculator to simplify compliance.

🔹 Tax Relief Highlights Continue
IRS officials continue promoting key 2026 tax provisions, including:
✅ No Tax on Overtime
✅ No Tax on Car Loan Interest
✅ Enhanced Deduction for Seniors

📌 Tax News Takeaway: Even after filing season, important tax updates, tools, and opportunities continue to emerge. Staying informed helps taxpayers and tax professionals make smarter financial decisions throughout the year.

📲 DM us or click the link in bio to connect with a tax expert who can help you stay compliant, informed, and prepared for tax law changes.

💡 Tuesday Tax Tips | June 2, 2026

📋 Hobby or Business? Know the Difference!

Many people earn extra income from activities they enjoy, but when it comes to taxes, the IRS treats a hobby differently than a business.

✅ For Taxpayers:
If you're selling crafts, creating content, tutoring, consulting, or earning money from a side activity, ask yourself:
• Do you operate with the intent to make a profit?
• Do you keep business records?
• Do you regularly market or promote your services?

The answers may help determine whether your activity is considered a business or a hobby for tax purposes.

✅ For Tax Preparers:
Help clients properly classify their activities and maintain accurate records. Correct classification can impact income reporting, deductions, and overall tax compliance.

📌 Bonus Tip:
Follow IRS Verified social media accounts and IRS e-News services for trusted updates, tax law changes, and important filing information throughout the year.

🎯 Good recordkeeping and understanding tax rules today can help avoid surprises during the next filing season.

📲 DM us or click the link in bio to connect with a tax expert who can help you stay compliant, maximize opportunities, and plan ahead!