If You’ve Deferred Employee Payroll Taxes…

As authorized by the Presidential Memorandum dated August 8, 2020, a number of employers deferred the withholding of their employees’ portion of payroll taxes for the period of September 1, 2020 through December 31, 2020. However, the deferral requires special reporting, and on October 29, 2020, the IRS issued specific year-end and 2021 filing instructions […]