Marcus Wu

Marcus Wu

Pillsbury Winthrop Shaw Pittman LLP

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IRS Issues Guidance Related to Executive Order Permitting the Deferral of Employee Social Security Tax during COVID-19 Pandemic

Based on IRS guidance, the deferral is not mandatory. Considering the minimal benefit that the deferral provides to employees, a cost/benefit assessment seems to weigh against offering deferrals. On August 28, the IRS...more

9/8/2020  /  Coronavirus/COVID-19 , Executive Orders , IRS , New Guidance , Popular , Secretary of the Treasury , Social Security Taxes , Tax Deferral , Wages
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