In this release, the IRS proposes reduced PTIN renewal fees, new definitions for qualified tips, withdrawal of prior corporate reorg rules, and revised Section 355 private letter ruling guidance.
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ADMINISTRATIVE
REG-108673-25, page 494.
Tax return preparers must use a preparer tax identification number (PTIN) on returns they prepare for compensation. The PTIN must be renewed annually. The IRS charges a user fee on each PTIN application or application for renewal to recover costs for issuing and renewing PTINs. The IRS has recalculated the PTIN user fee and determined the full cost for each application or application for renewal is $10, plus an amount payable directly to a third-party contractor. These regulations therefore propose to decrease the current PTIN user fee of $11 to $10, plus an amount payable directly to the third-party contractor. REG-108673-25. Published September 30, 2025.
T.D. 10035, page 484.
Tax return preparers must use a preparer tax identification number (PTIN) on returns they prepare for compensation. The PTIN must be renewed annually. The IRS charges a user fee on each PTIN application or application for renewal to recover costs for issuing and renewing PTINs. The IRS has recalculated the PTIN user fee and determined the full cost for each application or application for renewal is $10, plus an amount payable directly to a third-party contractor. These interim final regulations therefore decrease the current PTIN user fee of $11 to $10, plus amount payable directly to the third-party contractor. TD 10035. Published September 30, 2025.
INCOME TAX
REG-110032-25, page 495.
These proposed regulations would identify occupations that customarily and regularly received tips on or before December 31, 2024, and would provide a definition of “qualified tips” for purposes of the income tax deduction for qualified tips.
REG-112261-24; REG-116085-23, page 522.
The document withdraws a notice of proposed rulemaking containing proposed regulations regarding certain matters relating to corporate separations, incorporations, and reorganizations qualifying, in whole or in part, for nonrecognition of gain or loss. The document also withdraws a notice of proposed rulemaking containing proposed regulations that would have required multi-year tax reporting for corporate separations and related transactions. The proposed regulations would have affected corporations and their shareholders and security holders.
Rev. Proc. 2025-30, page 489.
This revenue procedure provides procedures for taxpayers requesting private letter rulings from the Internal Revenue Service regarding certain issues pertaining to transactions intended to qualify under section 355 of the Internal Revenue Code, including representations, information, and analysis that taxpayers requesting these rulings should submit to the IRS. This revenue procedure revokes Notice 2024-38, 2024- 21 I.R.B. 1211, supersedes Rev. Proc. 2024-24, 2024-21 I.R.B. 1214, and modifies Rev. Proc. 2025-1, 2025-1 I.R.B. 1 and Rev. Proc. 2017-52, 2017-41 I.R.B. 283