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Daily Archives: August 18, 2020

Memorandum on Deferring Payroll Tax Obligations

COVID-19 News / UpdatesBy adminAugust 18, 2020Leave a comment

Defers employee portion of social security tax Employees making less than $100,000 per year can elect the deferral Secretary of Treasury will explore avenues to forgive deferred taxes Link to Official Memorandum Link to IRS Notice 2020-65

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