- “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.”
A blog focused on my shopping small biz ... vintage patterns, rubber stamps, HANDMADE (made in USA), pics, etc. Show some ❤ to my website/blog at https://www.bearheartbottomsetc.com/sharpharmades-blog (work on re-designing in process). Follow my Instagram: @sharpharmade . And, my online shops: sharpharmade.com and bearheartbottomsetc.net (additions in process).
Tag
Sunday, August 30, 2020
“IRS guidelines put employers on the hook for Trump’s payroll tax break” by Darla Mercado
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment