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IRS Tax Pro Updates · Recently
Treasury, IRS announce forthcoming guidance on a new method for recovering federal excise tax paid on dyed fuel established under the One, Big, Beautiful Bill
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 Treasury, IRS announce forthcoming guidance on a new method for recovering fe.... Worth reviewing for potential client impact.
Summary
Announcement 2026-01 PDF provides general information to interested taxpayers and potential claimants on claiming a payment under a new OBBB provision related to dyed fuel. The new law allows a taxpayer to recover federal excise taxes paid on clear diesel fuel or kerosene if that taxpayer later ...
Classification
Category: fyiPriority: importantReason: Contains 'treasury' - significant update
Applies To
1040
Affected Groups
Individual return preparers
Related Topics
Original Source
We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.
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