IRS Pulls Back Corporate Tax Gain Rules Proposal

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!

2026-05896 — Preparer Tax Identification Number (PTIN) User Fee Update; Hearing

If you prepare tax returns, the IRS is planning to lower the fee for getting or renewing your Preparer Tax Identification Number (PTIN) from $11 to $10. A public hearing about this change will happen on April 24, 2026, but only if people send in their topics by April 2. This small fee drop saves money and keeps things simple for tax pros.

2026-05865 — Agency Information Collection Activities: Comment Request on Burden Related to Information Authorization and IRS Disclosure Authorization for Victims of Identity Theft

The IRS wants your thoughts on how much paperwork identity theft victims face when giving permission to share their info. They’re checking if the forms are clear and not too much work, aiming to make things easier and faster. If you have ideas or concerns, send them in by May 26, 2026—this helps save time and hassle for everyone involved!

2026-05785 — Agency Information Collection Activities; Comment Request on Electronic Payee Statements

The IRS wants your thoughts on how they collect info about electronic payee statements—those digital forms that show payments made to people or businesses. This is all about making sure the process is easy, clear, and not a hassle. If you have ideas or concerns, send them in by May 26, 2026, so the IRS can keep things smooth and maybe save some time and money for everyone involved.

2026-05525 — Substantiation Requirements and Qualified Nonpersonal Use Vehicles

Starting March 20, 2026, unmarked vehicles used by firefighters, rescue squad, or ambulance crew members are officially recognized as 'qualified nonpersonal use vehicles.' This means these vehicles don’t need the usual detailed proof for tax deductions, making life easier for government agencies and their heroic employees. If you’re part of these teams or manage their vehicles, get ready for smoother tax rules and less paperwork!

Previous: 2025-12276 — Rescission of Executive Order 11246 Implementing Regulations

The Department of Labor is wiping away the rules tied to an old executive order that stopped federal contractors from unfair hiring and pay practices. Since that order was canceled in January 2025, these rules no longer apply, changing how some federal contractors handle hiring and pay talks. This update affects contractors and could shift how they manage workplace fairness, with changes kicking in soon and possibly impacting compliance costs.

Next: 2025-12314 — Statements of General Policy or Interpretation Not Directly Related to Regulations

The Department of Labor wants to clean up some old rules that never went through public review and turn them into helpful guides instead. This affects businesses and workers who follow Fair Labor Standards Act rules, but it won’t change any laws or costs right now. The Department is asking for your thoughts on which parts to keep and how to share the info going forward.