IRS FAQs: What You Need to KnowJanuary 30, 2026

These FAQs are meant to provide quick, general guidance for taxpayers and tax professionals. They’re designed to be helpful, but they may not cover every individual situation and can be updated as new information becomes available.

Because these FAQs haven’t been published in the Internal Revenue Bulletin, the IRS won’t use them as official authority when deciding a specific case. If an FAQ doesn’t accurately reflect how the law applies to your situation, the law itself will determine your tax outcome.

That said, taxpayers who rely on these FAQs reasonably and in good faith generally won’t face penalties—such as negligence or accuracy-related penalties—even if that reliance results in an underpayment of tax.

Any updates to the FAQs will be clearly dated, and previous versions will remain available on IRS.gov so taxpayers and advisors can reference the guidance that was in place at the time.

Download the full FAQ document below to review the details and understand how this guidance may apply to you. For questions specific to your situation, the Curchin team is here to help.

DOWNLOAD FACT SHEET

Source: CCH Answer Connect