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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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