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
Announcement 2026–11 (2026–29 I.R.B.) — July 13, 2026
The IRS issued a mid-year adjustment to the optional standard mileage rates, citing sharp increases in fuel prices since the original 2026 rates were set. For travel on or after July 1, 2026, the business rate rises to 76 cents per mile (up from 72.5 cents), and the medical/moving rate rises to 23.5 cents per mile (up from 20.5 cents). The charitable rate remains 14 cents per mile. This is the first mid-year mileage adjustment since 2022.
What it means for your practice: Clients tracking business mileage need two rates for 2026 — 72.5 cents for January–June and 76 cents for July–December. Flag this now so mileage logs and reimbursement calculations split cleanly at the July 1 date.
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No other IRS news releases were issued during this period (July 13–19), as confirmed by a double-check of the IRS Newsroom.
Oklahoma Tax Commission & State Tax News
Recent update: OTC amends gross production tax rules for orphan wells — July 9, 2026 (effective July 11, 2026)
The Oklahoma Tax Commission adopted amendments to gross production tax regulations (OAC 710:45-9-102, et al.). The rules clarify that documentation for marketing cost deductions is required only when a deduction or refund claim is made, and establish procedures for a reduced 2.5% gross production tax rate for qualifying orphan well recovery projects. The reduced rate applies for 36 months before reverting to the standard 7% rate.
What it means for your practice: Relevant for clients with oil and gas production interests, particularly those involved in orphan well recovery projects or claiming marketing cost deductions/refunds.
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Recent update: OTC amends withholding rules for pension and annuity payments — July 9, 2026 (effective July 11, 2026)
The Oklahoma Tax Commission adopted amendments to withholding tax regulations (OAC 710:90-1-13) concerning pensions, annuities, and other deferred income. Taxpayers receiving non-periodic payments may now elect withholding at the top marginal individual income tax rate plus an additional specified amount, or elect no withholding at all, using Form OK-W-4-R.
What it means for your practice: Worth flagging to clients taking non-periodic pension, annuity, or eligible rollover distributions — the withholding election on Form OK-W-4-R now has more flexibility.
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OTC social media note — July 13, 2026 (Facebook/@oktaxcommission)
A brief seasonal reminder from OTC: taxpayers who have moved can update their mailing address directly through OkTAP.
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Upcoming OSEA Events
No OSEA events are scheduled for the next 14 days.
Annual Seminars
2026 OSEA Northeast Annual Seminar — October 29–30, 2026
Northeastern State University – Broken Arrow, 3100 New Orleans Street, Broken Arrow, OK 74014
Up to 16 CE units available, in-person or via Zoom. Headliners Marc J Dombrowski, EA (financial analysis, streamlined installment agreements, offers in compromise, appeals, CDP, transcripts) and Jane Ryder, EA CPA (ethics, NIL income, maximizing QBI, stock options, tax planning for business & rentals) will together deliver 15 CE units. IRS Stakeholder Liaison Mercean Lam will present additional CE-eligible IRS topics, and Mike Kaufmann will cover Oklahoma tax updates (non-CE). Lunch provided both days for on-site attendees; virtual attendees receive the Zoom link one week prior.
Pricing: Member $300 / Nonmember $350. Early-bird pricing is currently in effect — act before it ends! (Discount codes for members/nonmembers who attended both 2025 conferences: $275 / $325.)
Bonus: Attend both the OKC and NE OK conferences and receive a $25 discount on a 2027 event!
Register →
2026 OSEA Oklahoma City Annual Seminar — November 12–13, 2026
Rose State College, 1720 Hudiburg Drive, Midwest City, OK 73110
Up to 16 CE units available, in-person or via Zoom. Headliners David L Mellem, EA and Mary Mellem, EA will deliver 15 CE units covering federal tax updates, amended tax returns, an "Ask the Experts" session, basis rules for gifted/inherited/remainder-interest property, business credits, teens and taxes, ethics, and bankruptcy. Mike Kaufmann will present a non-CE hour on Oklahoma tax updates, and IRS Stakeholder Liaison Mercean Lam will present a CE-eligible hour on multiple tax topics. Taxpayer Advocate Service availability is still TBD. Lunch provided both days for on-site attendees.
Pricing: Member $350 / Nonmember $400. Early-bird pricing is currently in effect — act before it ends! (Discount codes for members/nonmembers who attended both 2025 conferences: $325 / $375.)
Bonus: Attend both the OKC and NE OK conferences and receive a $25 discount on a 2027 event!
Register →
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.
