News & Analysis as of August 21, 2025

Income Taxes

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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 +

IRS Changes Course on Income Tax Impact of Employee Retention Credit

Ballard Spahr LLP on 4/9/2025

On March 20, 2025, the IRS updated its guidance to employers that claimed the employee retention credit (ERC). The updated guidance materially differs from prior IRS guidance of how and when employers should report the income...more

IRS Says Crypto Protocol Changes Are Not Taxable

Cadwalader, Wickersham & Taft LLP on 5/25/2023

On April 21, 2023, the IRS released Chief Counsel Advice Memorandum 202316008 (the “CCA”), which provides that cryptocurrency protocol changes are not treated as realization events and do not give rise to gross income for...more

Pandemic Work-From-Home Arrangements Have Tax and Employment Law Consequences

Pillsbury Winthrop Shaw Pittman LLP on 12/1/2020

Prolonged work-from-home status for employees who live in a different jurisdiction than their assigned office can generate new tax and employment law compliance obligations for employers. Employers with employees who...more

Your [es]cheating heart … might be useful to retirement plans dealing with missing participants

Holland & Hart - The Benefits Dial on 10/30/2020

Retirement plan administrators have for years sung the sad lament of what to do with missing participants. Ol’ Hank Williams himself could have written a hit song about the problem. Recent guidance from the IRS may have the...more

Internal Revenue Service Clarifies Tax Rule for Marijuana Industry

Partridge Snow & Hahn LLP on 10/15/2020

The Internal Revenue Service (IRS) issued guidance on Thursday, September 10, 2020, to marijuana businesses. The new guidance does not change existing IRS rules, but briefly explains the rules for reporting income, paying...more

IRS issues guidance on Social Security tax deferral

Bowditch & Dewey on 9/1/2020

On August 28, the IRS issued Notice 2020-65 to provide guidance on the President’s decision to allow deferral of the employee portion of Social Security taxes owing for the rest of 2020 for employees earning up to $104,000...more

Employers Have Little Incentive to Implement Social Security Tax Deferral Under New IRS Released Guidance

Partridge Snow & Hahn LLP on 9/1/2020

On Friday August 28th the IRS issued limited guidance on the payroll tax deferral that was part of President Trump’s August 8th executive order. Under IRS Notice 2020-65 (the “Notice”), employers are not required to withhold...more

IRS Publishes Guidance on Taxation of CARES Act Provider Relief Fund Payments

King & Spalding on 7/24/2020

The IRS announced, through its FAQ page, that for-profit healthcare providers, including hospitals and physician practices, will have to pay federal income taxes on any distributions they receive from the Public Health and...more

New Guidance Allows Publicly-Offered REITs and RICs to Issue up to 90% of Qualifying Dividends in the REIT or RIC’s Own Stock...

Proskauer - Tax Talks on 5/13/2020

On May 4, 2020, the IRS issued Revenue Procedure 2020-19, which temporarily allows a publicly-offered REIT or RIC to pay as much as 90% of a distribution in its own stock (rather than cash or other property) and still have...more

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Today's Popular Updates › New Guidance › Income Taxes

IRS Changes Course on Income Tax Impact of Employee Retention Credit

IRS Says Crypto Protocol Changes Are Not Taxable

Pandemic Work-From-Home Arrangements Have Tax and Employment Law Consequences

Your [es]cheating heart … might be useful to retirement plans dealing with missing participants

Internal Revenue Service Clarifies Tax Rule for Marijuana Industry

IRS issues guidance on Social Security tax deferral

Employers Have Little Incentive to Implement Social Security Tax Deferral Under New IRS Released Guidance

IRS Publishes Guidance on Taxation of CARES Act Provider Relief Fund Payments

New Guidance Allows Publicly-Offered REITs and RICs to Issue up to 90% of Qualifying Dividends in the REIT or RIC’s Own Stock...

Carbon Capture Tax Credit Gets a Boost From IRS Guidance – A Practical Guide for Investors

IRS Issues New Guidance for Virtual Currency Donations

Weekly IRS Roundup December 16 – 20, 2019

Weekly IRS Roundup November 18 – 22, 2019

Weekly IRS Roundup November 11 – 15, 2019

IRS Issues Long-Awaited Cryptocurrency Guidance in Revenue Ruling 2019-24 and New FAQs

Today's Popular Updates › New Guidance › Income Taxes

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