Sunday, August 30, 2020

“IRS guidelines put employers on the hook for Trump’s payroll tax break” by Darla Mercado


  • “On Aug. 8, President Trump signed an executive order calling for a deferral of the employees’ portion of the payroll tax from Sept. 1 through the end of the year.
  • The IRS released guidance on the tax deferral on Friday night – four days before the deferral is supposed to take effect.
  • Tax professionals are skeptical of the guidance and say it places too much liability on the employer. Deferred taxes ultimately must be paid by April 30, according to the guidance.”

No comments: