IRS Cuts Tax Preparer Fee from $11 to $10: Massive Deal?

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!

2026-05865 — 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!

2026-05447 — Consistent Basis Reporting Between Estate and Person Acquiring Property From Decedent; Correction

The IRS fixed some confusing language in a 2024 rule about reporting property values when someone inherits from a decedent. This update clears up how estates and heirs should report the property’s value consistently, starting March 19, 2026. If you handle inherited property or estate taxes, these corrections help avoid mistakes and possible penalties.

Previous: 2026-05876 — Hazardous Waste Management System; Identification and Listing of Hazardous Waste

The EPA is thinking about letting WRB Refining in Texas stop treating some of its petroleum sludge as hazardous waste, which means it could be thrown away in regular landfills instead of special ones. This change affects WRB Refining and could save them money and hassle if approved. People have until April 27, 2026, to share their thoughts before the EPA makes a final decision.

Next: 2026-05959 — Regulatory Capital Rule: Category I and II Banking Organizations, Banking Organizations With Significant Trading Activity, and Optional Adoption for Other Banking Organizations

Big banks and those with lots of trading will see new rules to make sure they keep enough money safe and sound. These changes make the rules clearer, fairer, and better at handling risks, helping banks lend money steadily even when the economy wobbles. Banks and holding companies should get ready to comment by June 18, 2026, as these updates could affect how they manage their money.