Employee Payroll Tax Deferral – Guidance Provided by IRS Notice 2020-65
Author: Lindsey Jackson, CPA The Internal Revenue Service issued guidance regarding the employee payroll tax deferral described in the Presidential memorandum from August 8th. IRS Notice 2020-65 provides details to employers who are considering taking advantage of the Presidential Memorandum and defer the withholding and payment of the employee’s portion of Social Security tax.Participating in […]