IRS Seeks Feedback on Obscure Reserves Tax Rule
Published Date: 7/1/2026
Notice
Summary
The IRS wants your thoughts on how it collects info about 'Probable or Prospective Reserves Safe Harbor,' a rule that affects taxpayers dealing with certain tax elections. They’re checking if the process is clear, useful, and not too much work, aiming to keep things smooth and fair. If you have ideas or concerns, send them by August 31, 2026—this helps shape how much time and money folks spend on these forms.
No Economic Impacts Identified for this Document
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
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 / Next Documents
Previous: 2026-13338, Agency Information Collection Activities; Comment Request on Statement of Payments Received
The IRS wants your thoughts on Form 4669, which payors use to ask for tax payment relief. If you’re involved in making or handling these payments, this could affect you. Comments are open until August 31, 2026, so jump in now to help shape how this form works and keep paperwork easy and clear!
Next: 2026-13340, Public Hearing
The Susquehanna River Basin Commission is hosting a public hearing on July 30, 2026, where folks can speak up about water projects and a new Sustainable Water Resources Fund policy. This is the only chance to give oral comments before the Commission decides in September. Written comments are due by August 10, so don’t miss your shot to help shape water use and funding in the region!