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-2026-129 — October 29, 2026: IRS Reports Record Fiscal Year 2026 Performance
The IRS reported record collections of $5.6 trillion for FY 2026 (nearly 5 percent above the prior year), an average tax rate of 12.6 percent for Tax Year 2025, a 17 percent rise in total refunds claimed, and about 90 percent of e-filers receiving refunds in under 21 days. It also cited roughly $38 billion in identity-theft refund fraud protected and 37.6 million Individual Online Account users. Practice note: useful context for client conversations about refund timing and online account use heading into the 2027 filing season.
Read more →
TIGTA Reports
Management and Performance Challenges Facing the Internal Revenue Service for Fiscal Year 2027 — October 26, 2026
TIGTA issued its annual Top Management Challenges report identifying the major performance and management challenges it sees facing the IRS in fiscal year 2027. Review the full report for areas likely to shape IRS operations and taxpayer service in the coming year.
Read more →
Section 2: Oklahoma Tax Commission & State Tax News
Current notice (as of November 2, 2026): Property Valuation Notices Must Include Taxpayer Bill of Rights
Senate Bill 1579 took effect November 1, 2026. It amends 68 O.S. § 2876 so that a county assessor's notice of a property valuation increase must include a statutory taxpayer bill of rights. Existing protest and appeal deadlines are not changed. Practice note: helpful for clients with real property or rental holdings who receive valuation notices. The linked article is a secondary source; confirm the enrolled act's wording before relying on it.
Read more →
Recent update — October 9, 2026: OTC October Sales and Use Tax Collections and Rate Changes
City and town sales tax distributions totaled $220,819,440, up $18,900,768 from October 2025; county sales tax distributions were $40,056,620. Rate changes effective October 2026: Bristow (10% lodging, new), Laverne (3%), Salina (5%), Selah (4%, new) and Wellston (3.5%). No changes for November or December 2026. Scheduled for January 2027: Ottawa County (2.35%) and Hominy (4%). Reminder: businesses remitting more than $2,500 per month in sales tax must file and pay electronically.
Read more →
Recent update — October 13, 2026: September General Revenue Fund Collections Above Estimate
The Office of Management and Enterprise Services reported September 2026 General Revenue Fund collections of $924.2 million, $170.3 million (22.6%) above the monthly estimate and 20.1% above September 2025. Fiscal year-to-date collections total $2 billion, 3.4% above the same period of FY 2026. Useful context for clients with Oklahoma business and income tax exposure.
Read more →
Section 3: Upcoming OSEA Events (Next 14 Days)
OSEA Education Committee Meeting
Friday, November 6, 2026, 9:00–10:00 AM, via Zoom. A regular committee meeting where members and associates can give input on educational events for 2026 and beyond.
Register →
2026 OSEA Oklahoma City Annual Seminar
Thursday–Friday, November 12–13, 2026, Rose State College, 1720 Hudiburg Drive, Midwest City, OK 73110 (in person or online). Up to 16 CE units. Details are in the Annual Seminars section below.
Register →
Section 4: Annual Seminars
2026 OSEA Oklahoma City Annual Seminar — November 12–13, 2026
Location: Rose State College, 1720 Hudiburg Drive, Midwest City, OK 73110. Attend in person (lunch provided both days) or online (link sent one week before the event).
CE: Up to 16 CE units. Mike Kaufmann's Oklahoma Tax Update is not CE eligible.
Speakers: Headliners David L. Mellem, EA, and Mary Mellem, EA, present 15 CE units covering federal tax updates, amended returns, basis rules, business credits, teens and taxes, ethics and bankruptcy. IRS Stakeholder Liaison Mercean Lam presents a one-hour CE session.
Pricing: OSEA member $350; nonmember $400. Early-bird pricing ends November 3, 2026 — last day to register at early-bird rates. Attendees of both 2025 seminars may qualify for a discount code ($325 member / $375 nonmember).
Bonus: Attend both the Oklahoma City and Northeast conferences and save $25 on a 2027 conference.
Register → | View agenda →
The 2026 Northeast Annual Seminar in Broken Arrow was held October 29–30. Thank you to everyone who attended.
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.
