In this release, we cover key updates from IRB 2026-18, including OPR disciplinary actions, new rules on qualified tip income, employee plan rate updates, and proposed excise tax changes.
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The Internal Revenue Bulletin (IRB) is the authoritative instrument for announcing official rulings and procedures of the IRS and for publishing Treasury Decisions, Executive Orders, Tax Conventions, legislation, court decisions, and other items of general interest.
ADMINISTRATIVE
Announcement 2026-9, page 881.
The Office of Professional Responsibility (OPR) announces recent disciplinary sanctions imposed on attorneys, certified public accountants, enrolled agents, enrolled actuaries, enrolled retirement plan agents, and appraisers. The OPR also announces when certain unenrolled, unlicensed tax return preparers (individuals who are not enrolled to practice before the Internal Revenue Service (IRS)) and are not licensed as attorneys or certified public accountants) have been disciplined. Licensed or enrolled practitioners are subject to the regulations governing practice before the IRS, which are set out in Title 31, Code of Federal Regulations (C.F.R.), Subtitle A, Part 10, and which are released as Treasury Department Circular No. 230. The regulations prescribe the duties and restrictions relating to such practice and prescribe the disciplinary sanctions for violating the regulations. Unenrolled/ unlicensed return preparers who choose to participate in the IRS’s voluntary Annual Filing Season Program (AFSP) are subject to the guidance in Revenue Procedure 2014-42, which governs a preparer’s eligibility to represent taxpayers before the IRS in examinations of tax returns the preparer both prepared for the taxpayer and signed as the preparer. Additionally, unenrolled/unlicensed return preparers who participate in the AFSP agree to be subject to the duties and restrictions in Circular 230, including the restrictions on incompetence or disreputable conduct.
EMPLOYEE PLANS
Notice 2026-26, page 878.
This notice sets forth updates on the corporate bond monthly yield curve, the corresponding spot segment rates for March 2026 used under § 417(e)(3)(D), the 24-month average segment rates applicable for April 2026, and the 30-year Treasury rates, as reflected by the application of § 430(h)(2)(C) (iv).
EMPLOYEE TAX
TD-10044, page 840.
Public Law 119-21, commonly known as the One, Big, Beautiful Bill Act (OBBBA) adds new section 224 to the Internal Revenue Code, which provides a deduction for “qualified tips” that are reported on certain IRS returns and forms. The statute requires that the Secretary of the Treasury publish a list of occupations that customarily and regularly received tips on or before December 31, 2025, and establish other requirements concerning qualified tips. These final regulations identify occupations that customarily and regularly received tips on or before December 31, 2024, define “qualified tips,” and provide guidance on other requirements of section 224. TD10044. Published April 13, 2026.
EXCISE TAX
REG-114499-25, page 883.
Section 4475 imposes a one percent tax on remittance transfers made after December 31, 2025, for which the sender provides cash, a money order, a cashier’s check, or other similar physical instrument to the remittance transfer provider. This Notice of Proposed Rulemaking contains proposed rules relating to the imposition and calculation of that excise tax.