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-2026-85, August 4, 2026 – Security Summit warns tax pros to watch out for phishing emails and other attacks
The IRS and Security Summit partners warned tax professionals to watch for phishing emails and other schemes designed to steal sensitive taxpayer data.
What it means for your practice: With filing volume down but data-theft attempts steady year-round, this is a good prompt to review your firm's WISP and staff training on suspicious emails targeting EFIN and CAF credentials.
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IR-2026-86, August 5, 2026 – Treasury, IRS issue guidance on the permanent expansion of Paid Family and Medical Leave under the Working Families Tax Cuts
Treasury and the IRS issued Notice 2026-28, providing guidance on the employer credit for paid family and medical leave (PFML) under the Working Families Tax Cuts (WFTC).
What it means for your practice: Business clients offering or considering PFML benefits will want to understand the credit mechanics under the new permanent expansion before year-end planning conversations.
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IR-2026-87, August 6, 2026 – Business Tax Account gives eligible taxpayers more secure, convenient ways to manage federal tax obligations online
The IRS announced new and expanded features for Business Tax Account (BTA) users, giving eligible businesses and organizations more ways to view digital notices, make payments, and access and manage federal tax account information online.
What it means for your practice: If you represent business entities, this is worth a look – expanded BTA functionality can reduce the need for phone calls to Practitioner Priority Service for routine account questions.
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IR-2026-88, August 6, 2026 – IRS updates FAQs on qualified overtime deduction
The IRS updated frequently asked questions about the deduction for qualified overtime compensation.
What it means for your practice: With overtime deduction questions coming up frequently this year, review the updated FAQs before your next round of client withholding or estimated payment conversations.
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IR-2026-89, August 7, 2026 – Treasury, IRS begin implementing Executive Order 14403 by announcing intent to issue proposed regulations on Saver's Match
Treasury and the IRS issued Notice 2026-48, announcing an intent to propose regulations regarding the federal Saver's Match program, which begins in 2027.
What it means for your practice: Clients with modest incomes who contribute to retirement accounts will benefit from this program starting in 2027 – worth flagging now as you begin year-end retirement planning discussions.
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Oklahoma Tax Commission & State Tax News
August 7–9, 2026 – Oklahoma's annual Sales Tax Holiday
Oklahoma's tax-free weekend ran Friday, August 7 through Sunday, August 9, 2026. Qualifying clothing and footwear priced under $100 per item were exempt from the state's 4.5% sales tax, with no limit on the number of qualifying items purchased. Eligible online orders placed, paid for, and accepted for immediate shipment during the window also qualified.
What it means for your practice: Retail and small-business clients who collect sales tax should confirm their point-of-sale systems applied the exemption correctly for the holiday weekend.
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Recent update (August 10, 2026) – August 2026 Sales & Use Tax Collections and Rates published
The Oklahoma Tax Commission published its August 2026 sales and use tax collections and rates update, which includes local rate changes taking effect in October 2026 for Bristow, Laverne, Salina, Selah, and Wellston.
What it means for your practice: If you have clients doing business in these municipalities, flag the upcoming October rate changes now so their systems are updated in time.
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Recent update (August 10, 2026) – Oklahoma State Treasurer releases July 2026 State Tax Revenue Report
State Treasurer Todd Russ released the July 2026 State Tax Revenue Report, showing total monthly revenue of $1.5 billion, up 2.6% from July 2025. Sales and use tax collections were $643.6 million (up 8.5% year-over-year), the annual gross production tax on oil and gas totaled $1.1 billion (up 8.3%), and annual individual income tax reached $6.3 billion (up 12.2%). The 12-month revenue total reached $17.95 billion, up 5.8% year-over-year, marking the eleventh consecutive month of growth.
What it means for your practice: Continued statewide revenue growth, particularly in sales/use and income tax collections, is a useful data point when advising business clients on the broader Oklahoma economic outlook.
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Upcoming OSEA Events
Oklahoma Sooner (Virtual) Chapter Seminar – Beyond the Return: Solving IRS Issues for Your Clients, Part 1
Wednesday, August 12, 2026, 2:00 PM – 3:30 PM Central, Online via Zoom
Edward Moore, EA, presents a 1-hour CE session on interacting with the IRS – the roles of various IRS employees, levels of authority for communication, navigating transcripts, and best practices for IRS communication channels. No cost. IRS Course ID: FAHHB-T-00197-26-O. 1 CE Hour – Federal Tax Law.
Register →
OSEA Board Meeting
Monday, August 17, 2026, 3:00 PM – 4:30 PM Central, Zoom
Regularly scheduled board meeting of the Oklahoma Society of Enrolled Agents. All members and associates are welcome to attend.
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Central Oklahoma Chapter Seminar – Offers in Compromise with the Oklahoma Tax Commission
Thursday, August 20, 2026, 11:30 AM – 1:00 PM, Saltgrass Steak House, 1445 W I-240 Service Road, Oklahoma City, OK 73159
The first event in OSEA's new Oklahoma Tax Commission representation series. James Adelman, EA, Past President of NAEA and OSEA, presents on when an Oklahoma offer in compromise is appropriate and how to negotiate a settlement with the OTC, including authority for compromise, eligibility, financial analysis, documentation, and negotiation strategy. Cost is $25 per person (covers meal). Note: this program is not eligible for IRS CE credit.
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Annual Seminars
2026 OSEA Northeast Annual Seminar
Dates: October 29–30, 2026
Location: Northeastern State University – Broken Arrow, 3100 New Orleans Street, Broken Arrow, OK 74014 (available in-person or by Zoom)
CE: Up to 16 CE units available
Speakers: Headliners Marc J Dombrowski, EA (financial analysis, streamlined installment agreements, offers in compromise, appeals, CDP, and transcripts) and Jane Ryder, EA CPA (ethics for tax practitioners, NIL income, QBI, stock options, and tax planning for business and rentals) will together conduct 15 CE units. IRS Stakeholder Liaison Mercean Lam will present on IRS CE-eligible topics, and Mike Kaufmann will present a non-CE hour on Oklahoma Tax Updates.
Pricing: OSEA members $300, nonmembers $350. Early-bird pricing is currently in effect.
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
Dates: November 12–13, 2026
Location: Rose State College, 1720 Hudiburg Drive, Midwest City, OK 73110 (available in-person or by Zoom)
CE: Up to 16 CE units available
Speakers: Headliners David L Mellem, EA and Mary Mellem, EA will conduct 15 CE units covering Federal Tax Updates, Amended Tax Returns, an "Ask" session, Basis Rules for Property, Business Credits, Teens and Taxes, Ethics, and Bankruptcy. IRS Stakeholder Liaison Mercean Lam will present a CE-eligible hour on multiple tax topics, and Mike Kaufmann will present a non-CE hour on Oklahoma Tax Updates.
Pricing: OSEA members $350, nonmembers $400. Early-bird pricing is currently in effect.
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.
