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.
1. IRS News Releases
IR-2026-90, August 11, 2026 — Treasury, IRS Issue Proposed Regulations on Employer Contributions to Trump Accounts
The Treasury Department and IRS issued proposed regulations providing guidance to employers that choose to make contributions to Trump Accounts for employees or their dependents.
What it means for your practice: If any business clients are considering offering Trump Account contributions as an employee benefit, these proposed regulations outline the compliance framework they will need to follow.
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IR-2026-91, August 12, 2026 — Treasury, IRS Issue Guidance on Rollovers Between Retirement Plans and IRAs
Treasury and the IRS provided guidance to simplify and standardize the rollover process by issuing sample forms for direct rollovers to or from a retirement plan, as required under SECURE 2.0 Act section 324.
What it means for your practice: The new sample forms should make it easier to document and verify direct rollovers for clients moving funds between employer plans and IRAs — worth reviewing before the next rollover season.
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2. Oklahoma Tax Commission & State Tax News
August 10, 2026 — OTC Publishes August 2026 Sales & Use Tax Collections and October Rate Changes
The OTC's August 2026 Sales & Use Tax report shows cities received approximately $217.9 million in sales tax distributions (up from the prior year) and counties received about $39.9 million. The report also announced local rate changes effective October 2026, including a new 10% lodging tax in Bristow, a 3% sales/use tax in Laverne, 5% in Salina, a new 4% in Selah, and 3.5% in Wellston.
What it means for your practice: Update client point-of-sale and payroll systems ahead of the October rate changes if they operate in these municipalities.
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August 11, 2026 — OTC Clarifies Vehicle Weight Standard for Clean-Burning Fuel Credit
The Oklahoma Tax Commission ruled that a vehicle's manufacturer-listed Gross Vehicle Weight Rating (GVWR) — not its actual loaded weight — determines the applicable credit tier and maximum credit under the Credit for Investment in a Clean-Burning Motor Vehicle Fuel Property (68 O.S. Section 2357.22).
What it means for your practice: When calculating this credit for clients, use the GVWR shown on the federal certification label rather than an estimated loaded weight to determine the correct credit tier.
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August 13, 2026 — Parental Choice Tax Credit Cap Increase Takes Effect
HB 3705's increase to the Parental Choice Tax Credit program cap — raising authorized credits by $25 million to a total of $275 million for the 2026-2027 school year — became effective this week.
What it means for your practice: Clients applying for the credit through OkTAP for the 2026-2027 school year have additional program capacity available compared to last year.
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Recent update (August 7, 2026) — State Treasurer Releases July 2026 Tax Revenue Report
State Treasurer Todd Russ reported total July 2026 revenue of $1.5 billion, up 2.6% from July 2025. Over the trailing 12 months, Oklahoma revenues totaled $17.95 billion, up 5.8% year-over-year. Sales and use tax collections rose 8.5% year-over-year, and annual gross production (oil & gas) tax revenue rose 8.3% to $1.1 billion.
What it means for your practice: Continued growth in sales, income, and gross production tax collections signals a stable state revenue picture — useful context when advising business clients on state tax exposure.
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3. Upcoming OSEA Events
Central 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
James Adelman, EA (Past President, NAEA and OSEA) presents a 1-hour session on when an Oklahoma offer in compromise is appropriate and how to negotiate a settlement with the OTC, including eligibility, financial analysis, documentation, and negotiation strategy. Cost is $25 to cover lunch. Note: due to IRS rules, this program is not eligible for IRS CE credit.
Register →
Northeast Oklahoma Chapter Seminar — Offers in Compromise with the Oklahoma Tax Commission
Friday, August 28, 2026, 12:00 PM – 2:00 PM
The Big Biscuit, 5335 E 41st Street, Tulsa, OK 74135
James Adelman, EA presents the same 1-hour session on Oklahoma offers in compromise. No charge for the CE program; attendees pay for their own meal. Note: due to IRS rules, this program is not eligible for IRS CE credit.
Register →
4. 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 online via Zoom. Headliners Marc J Dombrowski, EA and Jane Ryder, EA, CPA lead 15 CE hours covering collections topics (financial analysis, installment agreements, offers in compromise, appeals, CDP, transcripts) and Jane Ryder's sessions on ethics, NIL income, QBI, stock options, and tax planning for business and rentals. IRS Stakeholder Liaison Mercean Lam and Mike Kaufmann (Oklahoma Tax Updates, non-CE) round out the agenda. Lunch provided both days on-site.
Pricing: Member $300 / Nonmember $350. Early-bird pricing is in effect — act before this benefit ends. (Discounted returning-attendee rates of $275 member / $325 nonmember are available by code to those who attended both 2025 conferences.)
Bonus: Attend both the OKC and NE OK conferences and save $25 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 online. Headliners David L Mellem, EA and Mary Mellem, EA lead 15 CE hours covering Federal Tax Updates, Amended Tax Returns, Basis Rules, Business Credits, Teens and Taxes, Ethics, and Bankruptcy. IRS Stakeholder Liaison Mercean Lam presents a CE-eligible hour and Mike Kaufmann presents a non-CE hour on Oklahoma Tax Updates. Taxpayer Advocate Service availability TBD. Lunch provided both days on-site.
Pricing: Member $350 / Nonmember $400. Early-bird pricing is in effect — act before this benefit ends. (Discounted returning-attendee rates of $325 member / $375 nonmember are available by code to those who attended both 2025 conferences.)
Bonus: Attend both the OKC and NE OK conferences and save $25 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.
