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-2026-126: Treasury, IRS Update Retirement Plan Correction Program and Establish Correction Program for IRAs
October 22, 2026
Rev. Proc. 2026-34 expands and restructures the Employee Plans Compliance Resolution System (EPCRS), replacing Rev. Proc. 2021-30, and took effect October 22, 2026. Rev. Proc. 2026-33 creates a new IRA Compliance Resolution System (ICRS) for correcting certain IRA errors and processing 60-day rollover waiver requests, effective May 1, 2027.
Practice impact: Rollover waiver requests will move from private letter rulings to ICRS over 2027 and 2028. The automatic waiver and self-certification procedures under Rev. Procs. 2020-46, 2016-47 and 2003-16 remain available at no cost. Comments are being accepted on both programs.
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IR-2026-125: Temporary Reporting and Recordkeeping Relief for Certain Fuel Uses
October 21, 2026
The IRS will not challenge failures to file Form 720 or keep records solely to substantiate liability under section 4041(a) for taxable uses of dyed diesel, and will not assert related civil penalties. The relief covers taxable dyed diesel uses from October 1, 2026 through December 31, 2026.
Practice impact: Clients with other Form 720 liabilities must keep filing, reporting and keeping records for those.
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IR-2026-127: IRS Reminder: Take Steps Now to Protect Tax Information
October 22, 2026
The IRS urges taxpayers to protect online account sign-in information and obtain an Identity Protection PIN (IP PIN). Those planning to file early in 2027 should request an IP PIN before the online system goes offline for annual maintenance in mid-November; it is generally available again in mid-January.
Practice impact: Encourage clients to request an IP PIN before the maintenance window and to share it only with a trusted preparer.
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IR-2026-128: IRS Reminder: Year-Round Tax Planning Can Make Filing Easier
October 23, 2026
The IRS encourages taxpayers to check withholding after life or income changes, make estimated payments on income without withholding, keep records organized and watch for scams ahead of the 2027 filing season.
Practice impact: A useful prompt for year-end planning conversations with clients.
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In case you missed it: IR-2026-124, 2026 Tax Professional Awareness Week
October 16, 2026
The IRS announced Tax Professional Awareness Week with resources to help practitioners prepare for the 2027 filing season.
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TIGTA Reports
The IRS Must Do More to Address Noncompliance and Potential Misconduct With Return Preparers (Report 2027-IE-R001)
October 21, 2026
TIGTA found that in Processing Year 2025, more than 38,000 return preparers with a noncompliant PTIN status (for example, expired) prepared over 2 million returns. Nearly 12,000 of them filed about 95,000 Forms 1040 claiming nearly $600 million in refunds. TIGTA also found that PTINs were issued or renewed for ineligible preparers (73 for deceased individuals and prisoners), and that 691 IRS employees held active PTINs, more than 90 of whom may have prepared returns for compensation. Returns bearing an overstated withholding scheme for Tax Years 2023 and 2024 requested about $740 million in refunds (about 84 percent from uncredentialed preparers), including roughly $179 million prepared by ghost preparers.
Practice impact: TIGTA made one recommendation, with which the IRS agreed: finalize and implement its data-driven return preparer strategy, addressing preparer outreach and penalties, employee PTIN policies, scheme promoters and ghost preparers. The IRS has limited authority to regulate uncredentialed preparers; enrolled agents, CPAs and attorneys are subject to Circular 230.
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Section 2: Oklahoma Tax Commission & State Tax News
Oklahoma State Treasurer: Tax Refund Payments Temporarily Paused
Current notice (as of October 26, 2026); Treasurer release dated September 15, 2026
The State Treasurer's Office modernized statewide payment systems and, after finding isolated issues, the Oklahoma Tax Commission (in consultation with the Treasurer's Office) temporarily paused tax refund payments until those issues are fully addressed. No update on resumption was found as of October 26, 2026.
Practice impact: Clients awaiting Oklahoma refunds may ask about delays; set expectations accordingly.
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Oklahoma Annual Revenue Continues to Reach New Record Levels (State Treasurer, September 2026 report)
Recent update: October 8, 2026
The rolling 12-month total reached $18.18 billion, up 7.1%. Sales and use tax totaled $7.3 billion (up 6.8%), income tax $7.3 billion (up 9.9%, with individual income tax up 14.2%), and gross production tax $1.2 billion (up 9.5%). September revenue was $1.7 billion, up 12.1% from September 2025.
Practice impact: Helpful context when advising business clients on the Oklahoma economy and tax trends.
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OTC: October 2026 Sales and Use Tax Collections and Rates
Recent update: October 9, 2026
The OTC distributed $220.8 million in sales tax to cities and towns (up $18.9 million from October 2025) and $40.1 million to counties. New rates effective October 2026: Bristow 10% lodging (new); Laverne 3%; Salina 5%; Selah 4% (new); Wellston 3.5%. No rate changes in November or December; in January 2027 Ottawa County moves to 2.35% and Hominy to 4%.
Practice impact: Businesses remitting more than $2,500 a month in sales tax must file and pay electronically.
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OTC hiring announcement (social media)
October 23, 2026
The OTC announced open positions in technology, finance, legal, customer service and other areas, with applications through the state jobs portal.
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Section 3: Upcoming OSEA Events
2026 OSEA Northeast Annual Seminar
Thursday–Friday, October 29–30, 2026, 8:00 AM–5:00 PM • Northeastern State University, Broken Arrow, 3100 New Orleans Street, Broken Arrow, OK 74014 (in person or online)
Up to 16 CE units with lunch provided for on-site attendees. See the Annual Seminars section below for speakers and pricing.
Register →
OSEA Education Committee Meeting
Friday, November 6, 2026, 9:00 AM–10:00 AM • Zoom
A regular committee meeting where members and associates can provide input on planning educational events for 2026 and beyond.
Register →
Section 4: Annual Seminars
2026 OSEA Northeast Annual Seminar
October 29–30, 2026
Northeastern State University, 3100 New Orleans Street, Broken Arrow, OK 74014
Up to 16 CE units, in person or online (Zoom link sent one week before). Lunch provided on-site both days. Headliners: Marc J. Dombrowski, EA (financial analysis, installment agreements, offers in compromise, appeals, CDP and transcripts) and Jane Ryder, EA, CPA (ethics, name/image/likeness income, QBI, stock options, business and rental planning). Also featuring IRS stakeholder liaison Mercean Lam and an Oklahoma tax update from Mike Kaufmann (not CE-eligible).
Pricing: OSEA member $350; nonmember $400. Discounted rates are available to those who attended both 2025 events (code sent by email). Attend both the OKC and Northeast conferences and save $25 on a 2027 conference.
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, in person or online (link sent one week before). Lunch provided on-site both days. Headliners: David L. Mellem, EA and Mary Mellem, EA (federal tax updates, amended returns, basis rules, business credits, teens and taxes, ethics, bankruptcy). Also featuring IRS stakeholder liaison Mercean Lam and an Oklahoma tax update from Mike Kaufmann (not CE-eligible).
Pricing: OSEA member $350; nonmember $400. Early-bird pricing is in effect through November 2, 2026. Discounted rates are available to those who attended both 2025 events (code sent by email). Attend both the OKC and Northeast conferences and save $25 on a 2027 conference.
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.
