COVID-19 Update: IRS Issues Employee Payroll Tax Deferral Guidance
IRS Issues Employee Payroll Tax Deferral Guidance Recently, the IRS released guidance that implements President Trump’s executive order permitting employers to defer certain employee payroll taxes. The IRS guidance provides key details on employee eligibility, the repayment period, and employer responsibilities. But the IRS guidance leaves some questions unanswered, even as the optional deferral period takes effect September…
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