Recent Tax News Updates for Enrolled Agents

Oklahoma Society of Enrolled Agents | June 1–7, 2026

As enrolled agents assisting clients with federal and state tax matters, staying informed on the latest IRS and Oklahoma Tax Commission (OTC) developments is crucial. Below is a curated summary of press releases and news items from the past week, including key highlights relevant to your practice, along with direct links to the source materials.

Section 1: IRS News Releases

IR-2026-71 | June 2, 2026

It's Not Too Late — Use IRS Free File Today

The IRS reminds taxpayers who missed the May filing deadline that they can still file their 2025 federal tax return at no cost through IRS Free File, available at IRS.gov through October 15. Taxpayers with adjusted gross income of $89,000 or less qualify for guided free preparation software; those above the threshold can use Free File Fillable Forms at no charge.

Practice note: Clients who have not yet filed — especially lower-income clients who may be entitled to refunds or credits — should be encouraged to file as soon as possible. Remind them that a failure-to-file penalty accrues from the original due date.

Read more →

IR-2026-73 | June 5, 2026

IRS Issues Guidance on One Big Beautiful Bill Excise Tax for Tax-Exempt Organization Executive Compensation

Treasury and the IRS issued Notice 2026-36, announcing intent to propose regulations under the One Big Beautiful Bill (OBBB) that broaden the 21% excise tax on excess executive compensation paid by applicable tax-exempt organizations (ATEOs). Under prior law, the tax applied only to the five highest-paid employees; under the OBBB, it now can apply to any employee earning more than $1 million in a year, or receiving an excess parachute payment. The notice also provides transitional relief for volunteer-service exceptions and notes that final regulations will not be retroactive to tax years before issuance.

Practice note: If you represent tax-exempt organizations — including hospitals, universities, or large nonprofits — review their compensation structures now. Comments on the notice are due by August 4, 2026.

Read more →

IR-2026-74 | June 5, 2026

IRS Releases Fiscal Year 2025 Data Book

The IRS published its annual 2025 Data Book covering agency operations during fiscal year 2025. Key highlights: the IRS processed 271.4 million returns, collecting over $5.3 trillion in revenue. Customer service representatives answered 18.6 million calls, and Taxpayer Assistance Centers served nearly 2 million taxpayers. Roughly 45% of individual returns filed during the 2026 filing season claimed at least one Working Families Tax Cuts Act benefit (no tax on tips, no tax on overtime, no tax on car loan interest, or the enhanced senior deduction), with average refunds on those returns exceeding $3,200.

Practice note: The Data Book is a useful reference for understanding IRS examination priorities and audit rates by return type. The IRS's emphasis on a "digital-first" approach and advanced analytics signals continued focus on data-driven compliance selection.

Read more →

Section 2: Oklahoma Tax Commission & State Tax News

Oklahoma State Treasurer | June 2, 2026

Oklahoma Revenues Continue Positive Growth in May — Gross Production Tax Leads

State Treasurer Todd Russ released the May 2026 State Tax Revenue Report showing total monthly revenue of $1.3 billion, up 2.7% year-over-year. Oklahoma's rolling 12-month total reached $17.83 billion, up $951 million (5.6%), marking the ninth consecutive month of positive annual growth. Key category highlights:

Tax Category	May 2026	Year-Over-Year
Gross Production (Oil & Gas)	$109.9M	+22.3%
Sales & Use Tax	$599.5M	+4.6%
Income Tax	$407.1M	-0.9%
Motor Vehicle Tax	$127.4M	-2.9%

Oklahoma's unemployment rate held at 4.0%, below the national average of 4.3%. Inflation (CPI) increased 3.8% in April, the 13th consecutive monthly increase, driven by shelter, food, and energy costs.

Practice note: The strong gross production figures are relevant for clients in Oklahoma's oil and gas sector. The continued rise in sales tax collections signals stable consumer activity, while the slight dip in income tax reflects the normal post-filing-season pattern.

Read more →

Oklahoma Tax Commission | Released June 8, 2026

New Local Sales & Use Tax Rates Effective July 1 for Eight Oklahoma Cities

Recent update (released today, June 8): The Oklahoma Tax Commission announced updated local sales and use tax rates effective July 1, 2026 for the following municipalities:

City	Rate / Change
Carmen	3.5%
South Coffeyville	3.5%
Cleora	New 2% use tax
Coalgate	4%
Hominy	3%
Olustee	3%
Red Oak	3.75%
Valley Brook	4.5%

Practice note: Business clients located in or making sales into these municipalities should update their point-of-sale systems before July 1. Verify current combined rates (state + county + city) on the OTC's Sales & Use Tax rate chart.

OTC Sales & Use Tax →

Oklahoma Tax Commission | Application Deadline Reminder

Parental Choice Tax Credit (PCTC) Applications Close June 15

Applications for the Oklahoma Parental Choice Tax Credit for the 2026–2027 school year close Monday, June 15, 2026 at 11:59 p.m. CST. The PCTC provides credits for qualifying private school tuition expenses. Over 27,000 applications were submitted on the first day of the application period.

Practice note: The deadline is this coming Monday — clients who qualify should apply immediately. Applications are submitted through the OTC's Merit International portal.

PCTC Press Release →

Section 3: Upcoming OSEA Events

Friday, June 12, 2026 | 9:00 AM – 10:00 AM | Zoom

OSEA Education Committee Meeting

This is a regular meeting of the OSEA Education Committee. All members and associates are welcome to join and provide input as we plan educational events for 2026 and beyond. Your participation helps shape the CE programming offered to Oklahoma's enrolled agent community.

Register →

Thursday, June 18, 2026 | 3:00 PM – 4:30 PM | Zoom

OSEA Board Meeting

This is the regularly scheduled monthly board meeting of the Oklahoma Society of Enrolled Agents. All members and associates are welcome to attend and observe the business of the organization.

Register →

Section 4: 2026 OSEA Annual Seminars

Northeast Oklahoma Annual Seminar — October 29–30, 2026 Up to 16 CE units covering tax law, ethics, and federal tax updates. Available in-person and virtually. Registration opens soon at eaok.org.

Oklahoma City Annual Seminar — November 12–13, 2026 Up to 16 CE units covering partnerships, IRS updates, and more. Available in-person and virtually. Registration opens soon at eaok.org.

The Oklahoma Society of Enrolled Agents (OSEA) is a professional organization dedicated to representing and supporting enrolled agents in Oklahoma through education, advocacy, and networking opportunities. Visit us at EAOK.org for more information and resources.

Oklahoma Society of Enrolled Agents Weekly Tax News Update May 28 - June 3, 2026 As enrolled agents assisting clients with federal and state tax matters, staying informed on the latest IRS and Oklahoma Tax Commission (OTC) developments is crucial. Below is a curated summary of press releases and news items from the past week, including key highlights relevant to your practice, along with direct links to the source materials. Section 1: IRS News Releases IR-2026-68 | May 28, 2026 Trump Account Elections Now Available in IRS Individual Accounts The IRS announced that taxpayers can now view and submit Form 4547, Trump Account Election(s), directly through their IRS Individual Online Account. These accounts, created under the One, Big, Beautiful Bill, are tax-advantaged savings vehicles for children to save for college, retirement, and generational wealth, with the federal program officially launching July 4, 2026. Practice note: Clients with eligible children may ask about establishing Trump Accounts. Familiarize yourself with Form 4547 and the new account features accessible through IRS.gov. Read more IR-2026-69 | May 29, 2026 Additional Guidance on Section 892 Proposed Regulation Applicability Dates Treasury and the IRS issued additional guidance addressing the applicability dates of recently proposed regulations under Section 892 of the Internal Revenue Code. Section 892 exempts foreign governments and sovereign wealth funds from U.S. tax on certain passive investment income; the new guidance clarifies when these proposed rules take effect. Practice note: Practitioners with foreign government or sovereign wealth fund clients should review the updated applicability timeline before advising on passive investment structures. Read more IR-2026-70 | May 29, 2026 New IRS Calculator for Long-Term Contract Interest The IRS released a new online calculator designed to help businesses working on large, multi-year construction or manufacturing contracts compute interest under the look-back method. This tool simplifies a complex calculation for taxpayers using the percentage-of-completion method on qualifying long-term contracts. Practice note: Enrolled agents with clients in construction, defense contracting, or custom manufacturing should be aware of this new resource for long-term contract interest computations. Read more IR-2026-71 | June 2, 2026 IRS Reminds Late Filers: Free File Still Available for 2025 Returns The IRS reminded taxpayers who missed the April 15 filing deadline that they can still file their 2025 federal tax return at no cost using IRS Free File at IRS.gov. Free File remains available through October 15, 2026, for those who requested an extension or who are filing late. Practice note: Clients who missed the deadline and did not file an extension should be advised to file as soon as possible to stop further failure-to-file penalty accrual; Free File is a no-cost option for eligible taxpayers. Read more Section 2: Oklahoma Tax Commission & State Tax News Oklahoma State Treasurer | June 2, 2026 May 2026 State Tax Revenue Report: Revenues Up 2.7%, Gross Production Tax Surges 22.3% State Treasurer Todd Russ released Oklahoma's May 2026 revenue report showing total monthly collections of $1.3 billion, up 2.7% year-over-year. This marked the ninth consecutive month of positive annual revenue growth. The rolling 12-month total reached $17.83 billion, up $951 million (5.6%) over the prior year. Key figures by tax category: Sales & Use Tax: $599.5 million, up 4.6% YOY Income Tax: $407.1 million, down 0.9% YOY Gross Production Tax (oil & gas): $109.9 million, up 22.3% YOY Motor Vehicle Tax: $127.4 million, down 2.9% YOY Oklahoma's unemployment rate remained at 4.0%, below the 4.3% national average. The Consumer Price Index rose 3.8% in April, the 13th consecutive monthly increase. Practice note: Strong gross production revenue is relevant for clients in the energy sector. Continued sales tax growth signals stable consumer spending, which affects clients with nexus exposure and sales tax compliance obligations. Read more Section 3: Upcoming OSEA Events Friday, June 12, 2026 | 9:00 - 10:00 AM | Zoom OSEA Education Committee Meeting The OSEA Education Committee meets monthly to plan and coordinate continuing education programs and seminars for Oklahoma enrolled agents. Members interested in shaping OSEA's CE offerings are welcome to participate. Register Thursday, June 18, 2026 | 3:00 - 4:30 PM | Zoom OSEA Board Meeting The monthly OSEA Board of Directors meeting covers organizational business, member updates, advocacy matters, and upcoming events. All members are encouraged to stay informed about OSEA governance activities. Register Section 4: 2026 OSEA Annual Seminars October 29-30, 2026 | In-Person & Virtual Northeast Oklahoma Annual Seminar Up to 16 CE units covering tax law, ethics, and federal tax updates. Available in-person and virtually. Registration opens soon at eaok.org. November 12-13, 2026 | In-Person & Virtual Oklahoma City Annual Seminar Up to 16 CE units covering partnerships, IRS updates, and more. Available in-person and virtually. Registration opens soon at eaok.org. The Oklahoma Society of Enrolled Agents (OSEA) is a professional organization dedicated to representing and supporting enrolled agents in Oklahoma through education, advocacy, and networking opportunities. Visit us at EAOK.org for more information and resources. Oklahoma Society of Enrolled Agents | EAOK.org

Dear OSEA Members,

The Oklahoma Tax Commission (OTC) has confirmed a significant data security incident involving its online taxpayer portal, the Oklahoma Taxpayer Access Point (OkTAP) system. Many of your clients may receive or have already received notification letters, and this breach could impact tax filing security and identity protection efforts.

Incident Summary

• Unauthorized Access: Third parties gained access to certain W-2 and 1099 files stored in the OkTAP system.
• Timeframe: July 5, 2024, through December 20, 2025 (some letters reference September 18, 2025 – December 20, 2025).
• Data Exposed: Names and Social Security Numbers (SSNs) from the affected files. No additional financial account information was specified in official disclosures.
• Discovery: Suspicious activity was detected in December 2025 in coordination with the IRS. A full forensic investigation followed, with the breach formally documented on March 10, 2026.
• Notifications: Personalized letters dated March 27, 2026, were mailed to impacted individuals. The total number of affected taxpayers has not been publicly disclosed, but notifications have gone to Oklahoma residents and at least some out-of-state individuals.

OTC’s Actions

The agency cooperated with the IRS to monitor for fraudulent filings, reviewed its security standards, and implemented additional safeguards in the OkTAP system. Affected individuals are being offered 12 months of complimentary single-bureau credit monitoring and fraud assistance through Cyberscout (a TransUnion company).

Guidance for Enrolled Agents and Your Clients

As tax professionals, we play a key role in helping clients navigate this situation. Recommend the following proactive steps:

1. File 2025 Returns Promptly — Encourage clients to file as soon as possible (if not already filed) to reduce the risk of fraudulent returns being submitted using their information.
2. IRS Identity Protection PIN (IP PIN) — Strongly consider helping clients apply for an IP PIN for enhanced protection on current and future filings.
3. Credit Monitoring — Advise clients who received a letter to enroll immediately in the free 12-month credit monitoring service using the activation code provided.
4. Ongoing Monitoring:
   • Review bank, credit card, and IRS account statements regularly.
   • Pull free annual credit reports at AnnualCreditReport.com.
   • Consider a credit freeze or fraud alert with the major bureaus if additional protection is desired.
5. Vigilance Against Scams — Warn clients to be wary of phishing emails, calls, or texts purporting to be from the IRS, OTC, or related to this breach.

How OSEA Members Can Assist Clients

• Review any notification letters clients bring to you and provide personalized guidance.
• Assist with IP PIN applications and secure tax preparation practices.
• Remind clients of your office’s commitment to data security and confidentiality.

This incident underscores the ongoing risks to taxpayer data in state systems and the value of professional representation. OSEA will continue monitoring developments and will share updates as more information becomes available.

If you have clients who received letters or have questions about this breach, feel free to share experiences (without disclosing confidential details) with fellow members via our forums or upcoming meetings.

Stay informed and continue providing excellent service to your clients during this tax season.

Best regards, 

Edward M. Moore, EA

President - Oklahoma Society of Enrolled Agents

As enrolled agents assisting clients with federal and state tax matters, staying informed on the latest IRS and Oklahoma Tax Commission (OTC) developments is crucial. Below is a curated summary of press releases and news items from the past two weeks, including key highlights relevant to your practice, along with direct links to the source materials.

IRS News Releases

IR-2025-129, Dec. 31, 2025: Treasury and IRS issued guidance on the new deduction for car loan interest under the One, Big, Beautiful Bill, including the “No Tax on Car Loan Interest” provision. Enrolled agents can help eligible clients claim this deduction to lower taxable income and potentially increase refunds. Link

Oklahoma Tax Commission News

January 2026 Collections and Rates, Jan. 9, 2026: This update details sales and use tax collections and rates for January 2026. Enrolled agents can reference this when advising clients on state tax compliance and obligations. Link

Jan. 12, 2026: Oklahoma’s tax filing season is starting soon, encouraging early preparation for faster refunds. Enrolled agents can use this to remind clients to organize documents and file promptly. Link (X)

Jan. 9, 2026: Employers issue various 1099 forms by Jan. 31, including 1099-G for unemployment from OESC. Enrolled agents should ensure clients receive and report these forms correctly to avoid issues. Link (X)

Jan. 7, 2026: If clients receive a bill from OTC, they should follow instructions to pay or set up a plan via OkTAP. Enrolled agents can assist clients in resolving these matters to prevent penalties. Link (X)

Jan. 5, 2026: Tax time tips include accessing OkTAP/IRS accounts, organizing documents, checking ITINs, reviewing withholding, and setting up direct deposit. These reminders help enrolled agents guide clients toward smoother filings. Link (X)

Jan. 2, 2026: Employers must file W-2s on OkTAP by January 31. Enrolled agents can advise business clients on this deadline to ensure compliance. Link (X)

Dec. 31, 2025: OTC offices closed Jan. 1 for the New Year, but OkTAP remains available 24/7. Enrolled agents can inform clients that online services continue uninterrupted. Link (X)

Upcoming OSEA Events

OSEA Board Meeting, January 16, 2026: This is a regularly scheduled board meeting of the Oklahoma Society of Enrolled Agents. All members and associates are welcome to attend, offering a chance to engage in governance and networking. Registration Link

Major Annual OSEA Seminars

Northeast Oklahoma Annual Seminar (October 29–30, 2026): This seminar offers up to 16 CE units, focusing on key topics such as tax law changes, ethics, and federal tax updates essential for maintaining professional standards. Featuring prominent headliners and options for in-person or virtual attendance, it provides enrolled agents with valuable insights to better serve clients and advance their careers. Network with peers while gaining practical knowledge to apply in daily practice.

Oklahoma City Annual Seminar (November 12-13, 2026): Delivering up to 16 CE units, this event covers partnerships, IRS updates, and advanced tax strategies critical for complex client scenarios. With expert headliners and flexible in-person or virtual formats, it's designed to enhance enrolled agents' expertise and compliance skills. Attendees can benefit from interactive sessions tailored to Oklahoma-specific tax issues.

The Oklahoma Society of Enrolled Agents (OSEA) is a professional organization dedicated to representing and supporting enrolled agents in Oklahoma through education, advocacy, and networking opportunities. Visit us at EAOK.org for more information and resources.

 

As enrolled agents assisting clients with federal and state tax matters, staying informed on the latest IRS and Oklahoma Tax Commission (OTC) developments is crucial. Below is a curated summary of press releases and news items from the past week, including key highlights relevant to your practice, along with direct links to the source materials.

IRS News Releases

IR-2025-126, Dec. 23, 2025: The IRS has updated FAQs on changes to the limitation on business interest expense deductions under Section 163(j) as part of the One Big, Beautiful Bill, providing essential guidance for enrolled agents advising business clients on optimizing interest deductions and compliance. This helps in refining tax strategies for corporations and partnerships affected by the new rules. Link

IR-2025-127, Dec. 23, 2025: Updates to Premium Tax Credit FAQs address modifications from the One Big, Beautiful Bill and expired provisions, enabling enrolled agents to better assist clients with health insurance-related tax credits and ensure accurate Form 8962 filings. This is particularly useful for individual taxpayers navigating affordability and eligibility changes. Link

IR-2025-128, Dec. 29, 2025: The IRS announced an increase in the 2026 optional standard mileage rate for business use to 72.5 cents per mile, up 2.5 cents, which enrolled agents can use to advise clients on vehicle expense deductions for more favorable tax outcomes. This adjustment accounts for rising costs and impacts self-employed individuals and business travel reimbursements. Link

Oklahoma Tax Commission News

Dec. 23, 2025 (X post): The OTC announced holiday office closures on December 24 and 25, while emphasizing that online services via OkTAP remain available, allowing enrolled agents to guide clients on handling time-sensitive tax matters without interruption during the festive period. This ensures continued access to filing and payment options. Link (X)

Dec. 26, 2025 (X post): The OTC encouraged registration for fireworks sales tax permits via OkTAP ahead of New Year's Eve, which is relevant for enrolled agents representing retail or seasonal business clients to maintain sales tax compliance and avoid penalties. This timely reminder supports proactive planning for holiday-related sales activities. Link (X)

Upcoming OSEA Events

OSEA Education Committee Meeting, January 9, 2026: This regular meeting invites all OSEA members and associates to contribute ideas for planning educational events in 2025 and beyond, offering a great opportunity for enrolled agents to shape professional development resources. Join to network and influence future seminars and workshops. Registration Link

Major Annual OSEA Seminars

Northeast Oklahoma Annual Seminar (October 29–30, 2026): This premier event offers up to 16 CE credits, focusing on critical areas such as tax law updates, ethics, and federal tax changes to keep enrolled agents at the forefront of their practice. Featuring renowned headliners and expert speakers, it provides practical insights for client advisory services. Available in both in-person and virtual formats for convenient professional development.

Oklahoma City Annual Seminar (November 12-13, 2026): Enrolled agents can earn up to 16 CE units through sessions on partnerships, IRS updates, and advanced tax strategies, enhancing skills for complex client scenarios. With top headliners delivering actionable knowledge, this seminar supports ongoing education and networking. Choose in-person attendance or virtual participation for flexibility.

The Oklahoma Society of Enrolled Agents (OSEA) is a professional organization dedicated to representing and supporting enrolled agents in Oklahoma through education, advocacy, and networking opportunities. Visit us at EAOK.org for more information and resources.

As enrolled agents assisting clients with federal and state tax matters, staying informed on the latest IRS and Oklahoma Tax Commission (OTC) developments is crucial. Below is a curated summary of press releases and news items from the past week, including key highlights relevant to your practice, along with direct links to the source materials.

IRS News Releases

IR-2025-119, Dec. 9, 2025: The Treasury and IRS issued Notice 2026-05, offering guidance on new tax benefits for Health Savings Account (HSA) participants under the One Big Beautiful Bill, enabling enrolled agents to advise clients on expanded HSA contributions and related tax advantages to optimize health-related tax planning. https://www.irs.gov/newsroom/treasury-irs-provide-guidance-on-new-tax-benefits-for-health-savings-account-participants-under-the-one-big-beautiful-bill

IR-2025-120, Dec. 12, 2025: The IRS Criminal Investigation division released its Fiscal Year 2025 Annual Report, highlighting investigative achievements through new partnerships and techniques, which can help enrolled agents educate clients on emerging compliance risks and enforcement priorities to avoid potential audits or penalties. https://www.irs.gov/newsroom/irs-ci-issues-fiscal-year-2025-annual-report-showcasing-banner-investigative-results

IR-2025-121, Dec. 12, 2025: The Treasury and IRS issued Revenue Procedure 2026-6, allowing states to make an advance election for a new federal tax credit related to contributions to scholarship-granting organizations under the One Big Beautiful Bill, providing enrolled agents with tools to guide clients on potential tax credits for educational contributions starting in 2027. https://www.irs.gov/newsroom/treasury-irs-allow-states-to-make-an-advance-election-to-participate-in-the-new-federal-tax-credit-for-individual-contributions-to-scholarship-granting-organizations-under-the-one-big-beautiful-bill

Oklahoma Tax Commission News

No Oklahoma Tax Commission news was found for this period after reviewing multiple sources.

The OTC posted on X about hiring in their Audit Division, which could appeal to enrolled agents interested in opportunities to contribute to tax compliance and auditing efforts within the state agency. https://x.com/oktaxcommission/status/1999494583177089502 (Source: X)

Upcoming OSEA Events

OSEA Board Meeting December 17, 2025, December 17, 2025: This regularly scheduled virtual board meeting via Zoom is open to all members and associates, providing an opportunity to stay engaged with OSEA leadership and discussions on society matters. https://eaok.org/event-6146678

Major Annual OSEA Seminars

Northeast Oklahoma Annual Seminar (October 29–30, 2026): This premier event offers up to 16 CE units, covering essential topics such as tax law updates, ethics, and federal tax developments, designed to enhance enrolled agents' expertise and compliance knowledge. Featuring headliners from the IRS and tax industry experts, it provides both in-person and virtual attendance options for flexible professional development.

Oklahoma City Annual Seminar (November 12-13, 2026): Enrolled agents can earn up to 16 CE units through sessions on partnerships, IRS updates, and advanced tax strategies, tailored to support practice growth and client service. With prominent headliners including tax professionals and agency representatives, the seminar offers in-person and virtual formats to accommodate diverse learning preferences.

As enrolled agents assisting clients with federal and state tax matters, staying informed on the latest IRS and Oklahoma Tax Commission (OTC) developments is crucial. Below is a curated summary of press releases and news items from the past week, including key highlights relevant to your practice, along with direct links to the source materials.

IRS News Releases

IR-2025-118 (Dec. 3, 2025): This announcement highlights the start of National Tax Security Awareness Week to combat tax-related identity theft, requiring enrolled agents to advise clients on enhanced security measures for their tax information. https://www.irs.gov/newsroom/irs-and-security-summit-partners-announce-10th-annual-national-tax-security-awareness-week

IR-2025-117 (Dec. 2, 2025): The guidance provides details on Trump Accounts as new retirement accounts for eligible children, obliging enrolled agents to inform clients about setup and regulatory updates to optimize tax planning. https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-trump-accounts-established-under-the-working-families-tax-cuts-notice-announces-upcoming-regulations

Oklahoma Tax Commission News

Dec. 8, 2025: This update on sales and use tax collections and rates for December 2025 assists enrolled agents in advising clients on current tax trends and compliance requirements for monthly reporting. https://oklahoma.gov/tax/newsroom.html

Via X: Dec. 8, 2025: This post reminds sellers of fireworks for New Year’s Eve to register for a sales tax permit on OkTAP, enabling enrolled agents to guide clients through the process to avoid penalties during seasonal sales. https://x.com/oktaxcommission/status/1998029965976055906

Via X: Dec. 5, 2025: OTC is hiring for customer service roles in the Taxpayer Resource Center, which may interest enrolled agents seeking career opportunities or networking within state tax administration. https://x.com/oktaxcommission/status/1997063490159190205

Via X: Dec. 3, 2025: This reminder encourages organizing year-end documents like receipts and property sales records, helping enrolled agents prepare clients for smoother tax filings and reducing last-minute issues. https://x.com/oktaxcommission/status/1996187754611318802

Upcoming OSEA Events

OSEA Education Committee Meeting, December 12, 2025: This regular meeting allows members and associates to contribute ideas for planning educational events in 2025 and beyond, fostering professional growth and collaboration among enrolled agents. https://eaok.org/event-6468669/Registration

OSEA Virtual (Sooner) Event: “An Act to Provide for Reconciliation pursuant to Title II of H. Con. Res. 14” aka The One Big Beautiful Bill or OB3: [2-hour CPE], December 16, 2025: This virtual seminar analyzes individual and business provisions of the OBBB Act, including tax planning, deductions, credits, and changes, providing essential updates for enrolled agents to better serve clients. https://eaok.org/event-6448446/Registration

OSEA Board Meeting, December 17, 2025: This regularly scheduled board meeting is open to all members and associates, offering an opportunity for enrolled agents to stay involved in society governance and advocacy efforts. https://eaok.org/event-6146678/Registration

Major Annual OSEA Seminars

Northeast Oklahoma Annual Seminar (October 29–30, 2026): This premier event offers up to 16 CE units, covering key topics like tax law, ethics, and federal tax updates to enhance enrolled agents' expertise. Featuring prominent headliners, it provides flexible in-person and virtual options for comprehensive professional development. Attendees can network and gain practical insights to apply in their daily tax practice.

Oklahoma City Annual Seminar (November 12-13, 2026): Designed for professional advancement, this seminar delivers up to 16 CE units with focus on partnerships, IRS updates, and related tax strategies. Expert headliners will share actionable knowledge, available through in-person or virtual attendance. It's an ideal opportunity for enrolled agents to stay compliant and competitive in serving Oklahoma clients.

The Oklahoma Society of Enrolled Agents (OSEA) is a professional organization dedicated to representing and supporting enrolled agents in Oklahoma through education, advocacy, and networking opportunities. Visit us at EAOK.org for more information and resources.

As enrolled agents assisting clients with federal and state tax matters, staying informed on the latest IRS and Oklahoma Tax Commission (OTC) developments is crucial. Below is a curated summary of press releases and news items from the past week, including key highlights relevant to your practice, along with direct links to the source materials.

IRS News Releases

IR-2025-115 (November 25, 2025): The Department of the Treasury and the Internal Revenue Service issued Notice 2025-70 requesting comments on implementing a new tax credit for individuals under the One, Big, Beautiful Bill. This could affect enrolled agents advising clients on potential tax credit opportunities for contributions to scholarship granting organizations. Link

IR-2025-116 (November 26, 2025): The Internal Revenue Service encourages taxpayers to prepare for the 2026 filing season by visiting IRS.gov/GetReady for tips on what is new and what to consider before filing. Enrolled agents can use these resources to guide clients in early preparation, potentially simplifying the filing process and reducing errors for their clients. Link

Oklahoma Tax Commission News

OTC Holiday Donation Tax Credit Reminder (December 01, 2025): The OTC highlights that qualifying holiday donations can earn a tax credit on Form 511-CR, helping to lower Oklahoma taxes while supporting charitable causes. This information assists enrolled agents in advising clients on state-specific tax incentives for donations. X post

OTC Thanksgiving Closure Notice (November 27, 2025): The OTC offices were closed on November 27 and 28 for Thanksgiving, with online services via OkTAP available 24/7. Enrolled agents can use this to inform clients about potential delays in state tax inquiries during holidays. X post

Upcoming OSEA Events

OSEA Virtual (Sooner) Event: “An Act to Provide for Reconciliation pursuant to Title II of H. Con. Res. 14” aka The One Big Beautiful Bill or OB3: [2-hour CPE] (December 16, 2025, 2:00 PM - 4:30 PM): This virtual seminar features a two-hour CPE presentation analyzing individual and business provisions of the One Big Beautiful Bill Act, including tax planning strategies, critiques of No Tax on Tips and Overtime provisions, and updates on deductions, credits, and estate tax issues. It is designed for enrolled agents to stay updated on recent tax changes and enhance their professional knowledge. Registration

Major Annual OSEA Seminars

The Northeast Oklahoma Annual Seminar (October 29–30, 2026) offers up to 16 CE units, focusing on essential topics like tax law, ethics, and federal tax updates to support enrolled agents' continuing education and practice enhancement. Renowned headliners will deliver insights on current tax challenges and strategies. Both in-person and virtual attendance options are available to accommodate diverse needs.

The Oklahoma City Annual Seminar (November 12-13, 2026) provides up to 16 CE units, covering key areas such as partnerships, IRS updates, and advanced tax topics relevant to enrolled agents' daily work. Expert headliners will address practical applications and emerging issues in tax preparation. Participants can choose between in-person sessions or virtual access for flexibility in professional development.

The Oklahoma Society of Enrolled Agents (OSEA) is a professional organization dedicated to representing and supporting enrolled agents in Oklahoma through education, advocacy, and networking opportunities. Visit us at EAOK.org for more information and resources.

As enrolled agents assisting clients with federal and state tax matters, staying informed on the latest IRS and Oklahoma Tax Commission (OTC) developments is crucial. Below is a curated summary of press releases and news items from the past week, including key highlights relevant to your practice, along with direct links to the source materials.

IRS News Releases

IR-2025-111 (November 13, 2025): The IRS announced increases to retirement plan contribution limits for 2026, raising the 401(k) limit to $24,500 from $23,500 and the IRA limit to $7,500 from $7,000, enabling clients to enhance their tax-advantaged savings. Enrolled agents should review clients' retirement strategies to maximize these new limits and ensure compliance with updated withholding or contribution elections. https://www.irs.gov/newsroom/401k-limit-increases-to-24500-for-2026-ira-limit-increases-to-7500

IR-2025-112 (November 13, 2025): Interest rates for tax underpayments and overpayments will remain unchanged for the first quarter of 2026, staying at 8% for individuals and 7% for corporations, providing predictability in penalty and refund calculations. This stability allows enrolled agents to advise clients more confidently on installment agreements, estimated payments, and potential interest implications for outstanding balances. https://www.irs.gov/newsroom/interest-rates-remain-the-same-for-the-first-quarter-of-2026

Oklahoma Tax Commission News

The OTC reminded taxpayers to verify their paycheck withholding and update IRS and OTC W-4 forms for life changes like adding a new dependent, helping prevent over- or under-withholding issues. Enrolled agents can guide clients through these adjustments to align withholding with their current tax situation and minimize year-end surprises. X post: https://x.com/oktaxcommission/status/1988607818862075995

The OTC honored Veterans Day by closing offices while keeping online services operational, emphasizing the availability of digital resources for tax-related needs. This serves as a reminder for enrolled agents to encourage clients to use online portals for efficient access to forms and payments during closures. X post: https://x.com/oktaxcommission/status/1988215213041054175

The Oklahoma Society of Enrolled Agents (OSEA) is a professional organization dedicated to representing and supporting enrolled agents in Oklahoma through education, advocacy, and networking opportunities. Visit us at EAOK.orgfor more information and resources.

As enrolled agents assisting clients with federal and state tax matters, staying informed on the latest IRS and Oklahoma Tax Commission (OTC) developments is crucial. Below is a curated summary of press releases and news items from the past week, including key highlights relevant to your practice, along with direct links to the source materials. IRS News Releases IR-2025-111 (November 13, 2025): The IRS announced increases to retirement plan contribution limits for 2026, raising the 401(k) limit to $24,500 from $23,500 and the IRA limit to $7,500 from $7,000, enabling clients to enhance their tax-advantaged savings. Enrolled agents should review clients' retirement strategies to maximize these new limits and ensure compliance with updated withholding or contribution elections. https://www.irs.gov/newsroom/401k-limit-increases-to-24500-for-2026-ira-limit-increases-to-7500 IR-2025-112 (November 13, 2025): Interest rates for tax underpayments and overpayments will remain unchanged for the first quarter of 2026, staying at 8% for individuals and 7% for corporations, providing predictability in penalty and refund calculations. This stability allows enrolled agents to advise clients more confidently on installment agreements, estimated payments, and potential interest implications for outstanding balances. https://www.irs.gov/newsroom/interest-rates-remain-the-same-for-the-first-quarter-of-2026 Oklahoma Tax Commission News The OTC reminded taxpayers to verify their paycheck withholding and update IRS and OTC W-4 forms for life changes like adding a new dependent, helping prevent over- or under-withholding issues. Enrolled agents can guide clients through these adjustments to align withholding with their current tax situation and minimize year-end surprises. X post: https://x.com/oktaxcommission/status/1988607818862075995 The OTC honored Veterans Day by closing offices while keeping online services operational, emphasizing the availability of digital resources for tax-related needs. This serves as a reminder for enrolled agents to encourage clients to use online portals for efficient access to forms and payments during closures. X post: https://x.com/oktaxcommission/status/1988215213041054175 The Oklahoma Society of Enrolled Agents (OSEA) is a professional organization dedicated to representing and supporting enrolled agents in Oklahoma through education, advocacy, and networking opportunities. Visit us at EAOK.orgfor more information and resources.

Recent Tax News Updates for Enrolled Agents (October 28–November 3, 2025)

As enrolled agents assisting clients with federal and state tax matters, staying informed on the latest IRS and Oklahoma Tax Commission (OTC) developments is crucial. Below is a curated summary of press releases and news items from the past week, including key highlights relevant to your practice, along with direct links to the source materials.

IRS News Releases

No IRS news releases were issued during this period, as confirmed by a double-check of the IRS Newsroom.

Additionally, here are relevant recent articles on IRS taxpayer services offerings and impacts during the government shutdown:

CPA: IRS Cuts, Shutdown Wearing on Taxpayers While Remaining Staff Hold Down Fort, November 3, 2025: The ongoing government shutdown is exacerbating delays at the understaffed IRS, leading to prolonged wait times for taxpayer assistance and resolution of issues, which enrolled agents should factor into client expectations for IRS interactions and prepare alternative strategies for urgent matters. Link: https://tax.thomsonreuters.com/news/cpa-irs-cuts-shutdown-wearing-on-taxpayers-while-remaining-staff-hold-down-fort/

The Impact Of The Government Shutdown On IRS Taxpayer Assistance, November 1, 2025: Due to the shutdown starting October 8, 2025, IRS Taxpayer Assistance Centers are closed, and services like phone support for complex issues are limited, impacting enrolled agents' ability to resolve client queries promptly and requiring reliance on online tools or mailed correspondence. Link: https://www.forbes.com/sites/nathangoldman/2025/11/01/the-impact-of-the-government-shutdown-on-irs-taxpayer-assistance/

IRS Shutters More Functions as Shutdown Drags On, October 29, 2025: The IRS warns of refund delays during the shutdown, with only error-free, electronically filed Form 1040 refunds being processed, advising enrolled agents to inform clients about potential holds on paper returns and other services until full operations resume. Link: https://www.bdo.com/insights/tax/irs-shutters-more-functions-as-shutdown-drags-on

As a resource, the IRS provides current processing status for tax forms at https://www.irs.gov/help/processing-status-for-tax-forms, where as of November 2025, electronic individual and business returns are generally processed within 21 days, while paper original returns received in September 2025 are being processed, helping enrolled agents track client return statuses amid any shutdown-related delays.

Oklahoma Tax Commission News

November 3, 2025: This post explains how tax dollars support the Office of Juvenile Affairs by funding education, prevention, and treatment for at-risk youth, enabling enrolled agents to inform clients about the positive community impacts of their Oklahoma tax contributions. Link (X): https://x.com/oktaxcommission/status/1985361503856288162

October 31, 2025: OTC showcases its workplace culture during Halloween, highlighting employee empowerment and joy while promoting open positions, which may interest enrolled agents in understanding state tax agency dynamics or exploring career opportunities. Link (X): https://x.com/oktaxcommission/status/1984274957749125588

October 31, 2025: As October concludes, OTC reminds taxpayers to review year-end strategies like estimated payments, retirement contributions, and credits, helping enrolled agents advise clients on optimizing their Oklahoma tax positions before the year ends. Link (X): https://x.com/oktaxcommission/status/1984259187447091561

Major Annual OSEA Seminars

Oklahoma City Annual Seminar (November 13–14, 2025): This seminar offers up to 16 CE units with key topics including partnerships (introduction, advanced, dissolutions), IRS updates, gross income, ethics under Circular 230, and headliners Francis X. Degen, EA, USTCP, and Jane Ryder, EA CPA. It supports enrolled agents' continuing education needs with practical insights into tax representation and compliance, available in-person at OSU-OKC with lunch or virtually. Registration link: https://eaok.org/event-6030934.

The Oklahoma Society of Enrolled Agents (OSEA) is a professional organization dedicated to representing and supporting enrolled agents in Oklahoma through education, advocacy, and networking opportunities. Visit us at EAOK.org for more information and resources.