September, 2020

Employee Payroll Tax Deferral

By Jackson Law Group
September 18th, 2020

Posted in Business & Corporate Law,Tax Law & IRS Defense

On August 8, 2020, the President issued a Memorandum entitled Deferring Payroll Tax Obligation in light of the Ongoing COVID-19 Disaster. The Memorandum authorizes the Secretary of the Treasury to defer certain payroll tax obligations. The purpose of the Memorandum is to produce a targeted action that “will put money directly in the pockets of American workers and generate additional incentives for work and employment.”

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