News & Analysis as of August 25, 2025

Taxable Income

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A repository for the most well-read content on JD Supra at any given time, along with occasional roundups of popular content by specific topic. Also stop by for monthly recaps of hot articles for the previous... more +

2025 Tax Legislation Update: One Big Beautiful Bill Act Narrowly Passes Senate

Ropes & Gray LLP on 7/3/2025

The “One Big Beautiful Bill Act” (the “BBB”) was passed by the U.S. House of Representatives on May 22, 2025 (such version, the “House Bill”) as part of the Republican Congress’s reconciliation package. The BBB generally...more

COVID Relief Bill: PPP-Paid Expenses Are Deductible

Weintraub Tobin on 12/28/2020

This past Monday, December 21, a $900 billion pandemic relief bill came out of the U.S. House and Senate. It is called the Consolidated Appropriations Act, 2021. If President Trump signs it, it will become law. Weighing in at...more

Taxing Cannabis During The Pandemic

Farrell Fritz, P.C. on 11/23/2020

How Are You Doing? How are you coping with social distancing? Are you working remotely? If so, has it been as “seamless” as you would have others believe? Have you snuck out to visit family or close friends, or have they...more

Non-deductibility of Expenses Incurred in Connection with PPP Loan Forgiveness

McNees Wallace & Nurick LLC on 5/1/2020

The good news for PPP borrowers is that there is no cancellation of indebtedness taxable income generated by the forgiveness of any of the PPP loan. The not-so-good news is that on April 30, the IRS issued Notice 2020-32,...more

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Today's Popular Updates › Coronavirus/COVID-19 › Taxable Income

2025 Tax Legislation Update: One Big Beautiful Bill Act Narrowly Passes Senate

COVID Relief Bill: PPP-Paid Expenses Are Deductible

Taxing Cannabis During The Pandemic

Non-deductibility of Expenses Incurred in Connection with PPP Loan Forgiveness

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