Update for Employers Considering Deferral of Social Security Tax for Employees

By Kari Jolly, Tax Senior Associate 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 … Continue reading Update for Employers Considering Deferral of Social Security Tax for Employees