Presidential Memorandum in Response to COVID-19 – Deferring Payroll Tax Obligations On August 28, 2020, the Internal Revenue Service released Notice 2020-65 to provide guidance for employers who decide to participate in the deferral of withholding and deposit of the 6.2 percent employee portion of Social Security Tax under President Trump’s Memorandum dated August 8, … Continue reading Update for Employers Considering Deferral of Social Security Tax for Employees