- “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.”
Comments
|
AuthorArt, Crafts, And Etc. Archives
October 2020
Categories
All
|