IRS Dials In Tipped Jobs Tax Deduction – Phone Only!

2026-11140, Federal Independent Dispute Resolution Operations

Starting soon, health plans and insurers must share clearer info when they pay or deny surprise medical bills. They’ll use special codes to explain these decisions, especially when dealing with folks they don’t have contracts with. This helps patients and providers understand bills better and speeds up fixing disputes, with no extra costs for most people.

2025-18278, Occupations That Customarily and Regularly Received Tips; Definition of Qualified Tips

If you earn tips at work, these new rules show which jobs count as tip-earning and explain what counts as 'qualified tips' for tax deductions. The changes apply to tips received up to December 31, 2024, helping workers and employers know exactly what tips can lower their taxes. Get ready to keep better track of your tips and maybe save some money when tax time rolls around!

2025-02251, Administrative Requirements for an Election To Exclude Applicable Unincorporated Organizations From the Application of Subchapter K; Hearing Cancellation

If you run an unincorporated organization, new rules are coming to help you skip some tricky partnership tax laws. These changes explain how to make that election properly, so you don’t get caught in confusing tax stuff. No extra fees or deadlines yet, but keep an eye out for updates to stay ahead!

2026-16769, Proposed Removal of a Reporting Requirement for Trusts Whose Charitable Contribution Deductions Are Solely for Contributions Made by Passthrough Entities

This document contains proposed regulations that would amend existing regulations that require certain trusts to report all charitable contributions and amounts permanently set aside for a charitable purpose on Form 1041-A, U.S. Information Return Trust Accumulation of Charitable Amounts. The proposed regulations would remove the reporting requirement for these trusts with respect to taxable years in which the trust's only claimed charitable contribution deduction results from charitable contributions made by a passthrough entity in which the trust owns an interest. The proposed regulations would also modify the existing regulations to clarify that split-interest trusts satisfy their filing obligations by filing Form 5227, Split-Interest Trust Information Return, rather than Form 1041-A. The proposed regulations would affect certain trusts that are required to report all charitable contributions and amounts permanently set aside for a charitable purpose.

2026-16569, Foreign Currency Gain or Loss of Controlled Foreign Corporations

This document contains proposed regulations providing rules relating to the determination and recognition of foreign currency gain or loss with respect to qualified business units ("QBUs") of controlled foreign corporations ("CFCs"). The proposed regulations provide an election under which a CFC generally would not be required to compute or recognize foreign currency gain or loss upon a remittance from a QBU, except in connection with certain inbound nonrecognition transactions.

2026-16397, Agency Information Collection Activities: Comment Request on the Burden Related to the Application for Determination for Employee Benefit Plan

In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.

Previous: 2025-19625, Domestically Controlled Qualified Investment Entities

The IRS is proposing new rules that change how they decide if an investment company is controlled by U.S. people or foreign owners. This mainly affects foreign investors who own shares in companies tied to U.S. real estate. Comments on these changes are open until December 22, 2025, so get ready to weigh in if this impacts you or your investments!

Next: 2025-19637, Approval and Promulgation of Air Quality Implementation Plans; Nevada; Regional Haze State Implementation Plan for the Second Implementation Period

Nevada is updating its plan to keep the air clean and clear by reducing haze caused by pollution. This affects businesses and communities that impact air quality, with new rules kicking in during the next few years to help protect the environment. The plan aims to balance clean air goals without causing big costs or disruptions.