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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-2026-80 | June 29, 2026
Treasury, IRS Provide Gift Tax Safe Harbor for Trump Account Contributions
The Treasury Department and IRS issued Revenue Procedure 2026-25, providing a gift tax reporting safe harbor for certain contributions to "Trump Accounts" — the tax-advantaged savings vehicles for children under 18 created under Section 530A by the Working Families Tax Cuts (One, Big, Beautiful Bill). Under the safe harbor, qualifying cash contributions made before the beneficiary turns 18, up to the annual gift tax exclusion amount ($19,000 for 2026), are treated as completed present-interest gifts and do not trigger a Form 709 filing requirement.
What this means for your practice: Clients contributing to a Trump Account on behalf of a minor generally will not need to file Form 709 for those contributions, provided the contribution is the donor's only reportable gift to that beneficiary for the year, stays within the annual exclusion, and no gift tax return is otherwise required. Confirm all safe-harbor requirements are met before advising a client to skip the filing. Read more →
Section 2: Oklahoma Tax Commission & State Tax News
No new OTC press releases, OkTAP outage or maintenance notices, legislative signings, or Oklahoma State Treasurer revenue report were published during the June 29 – July 5, 2026 coverage window.
Section 3: Upcoming OSEA Events
Central Oklahoma Chapter Seminar: Representation in Practice
Date: Friday, July 10, 2026 | 11:30 AM – 1:30 PM
Location: Ted's Café Escondito Banquet Room, 68th & May, Oklahoma City, OK 73116
Join us for lunch (enchilada bar) and a 1-hour CE presentation by Edward Moore, EA, on "Representation in Practice" — a case-study-based look at taxpayer representation before the IRS, covering CP2000 cases, IRS transcripts, amended returns, and the representation workflow from client intake through resolution. No cost for the CE; $25 covers the food. IRS Course ID: FAHHB-T-00196-26-I. 1 CE Hour, Federal Tax Law. (The same program repeats in Tulsa on July 17 — see below.) Register →
OSEA Board Meeting
Date: Thursday, July 16, 2026 | 3:00 – 4:30 PM
Location: Zoom (virtual)
Regularly scheduled board meeting of the Oklahoma Society of Enrolled Agents. All members and associates are welcome to attend. Register →
OSEA Education Committee Meeting
Date: Friday, July 17, 2026 | 9:15 – 10:15 AM
Location: Zoom (virtual)
Regular meeting of the OSEA Education Committee. All members and associates are welcome to join and help plan our 2026 educational events and beyond. Register →
Northeast Oklahoma Chapter Seminar: Representation in Practice
Date: Friday, July 17, 2026 | 12:30 – 2:00 PM
Location: The Big Biscuit, 5335 E 41st Street (41st & Yale), Tulsa, OK 74135
Edward Moore, EA, presents the same 1-hour "Representation in Practice" CE session offered in Oklahoma City on July 10. No cost for the CE; attendees purchase their own meal from the venue. IRS Course ID: FAHHB-T-00196-26-I. 1 CE Hour, Federal Tax Law. Register →
Section 4: 2026 Annual Seminars
Both 2026 OSEA Annual Seminars are open for registration with early-bird pricing in effect. Attend both conferences and earn a $25 discount toward a 2027 event!
2026 OSEA Northeast Annual Seminar
Dates: October 29–30, 2026 | 8:00 AM – 5:00 PM each day
Location: Northeastern State University Broken Arrow, 3100 New Orleans Street, Broken Arrow, OK 74014
CE: Up to 16 CE units | In-person and virtual attendance available
Headliner Speakers:
- Marc J Dombrowski, EA — IRS collection and representation (Financial Analysis, Streamlined Installment Agreements, Offers in Compromise, Appeals, CDP, Transcripts)
- Jane Ryder, EA CPA — Tax planning and practice (Ethics, Name/Image/Likeness Income, QBI Maximization, Stock Options, Tax Planning for Business & Rentals)
- Mercean Lam, IRS Stakeholder Liaison — multiple IRS CE-eligible topics
- Mike Kaufmann — Oklahoma Tax Updates (non-CE)
Pricing (Early-Bird): Members $300 | Nonmembers $350
Prior-year attendees who attended both 2025 conferences may qualify for special loyalty pricing ($275 member / $325 nonmember) — check your email for a discount code. Register →
2026 OSEA Oklahoma City Annual Seminar
Dates: November 12–13, 2026 | 8:00 AM – 5:00 PM each day
Location: Rose State College, 1720 Hudiburg Drive, Midwest City, OK 73110
CE: Up to 16 CE units | In-person and virtual attendance available
Headliner Speakers:
- David L Mellem, EA & Mary Mellem, EA — 15 CE hours covering Federal Tax Updates, Amended Returns, an "Ask" session, Basis Rules (Gift/Inheritance/Remainder Interests/Divorce), Business Credits, Teens and Taxes, Ethics, and Bankruptcy
- Mercean Lam, IRS Stakeholder Liaison — a CE-eligible hour on multiple tax topics
- Mike Kaufmann — Oklahoma Tax Updates (non-CE)
- Taxpayer Advocate Service — availability TBD
Pricing (Early-Bird): Members $350 | Nonmembers $400
Prior-year attendees who attended both 2025 conferences may qualify for special loyalty pricing ($325 member / $375 nonmember) — check your email for a discount code. Register →
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