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Payroll Taxes › Executive Orders

Payroll taxes are taxes that are often calculated and remitted based on a percentage of an employee's wages, but they can also include fixed charges. Payroll taxes consist of two types of taxes: 1) taxes that... more +
Payroll taxes are taxes that are often calculated and remitted based on a percentage of an employee's wages, but they can also include fixed charges. Payroll taxes consist of two types of taxes: 1) taxes that are withheld by an employer from an employee's wages and 2) taxes paid by an employer based on the amount of an employee's wages. These taxes may be advanced income tax payments on behalf of an employee. They are also employer and employee payments to a variety of government programs, such as social security, and unemployment/disability insurance. less -
Seyfarth Shaw LLP

Seyfarth Policy Matters Newsletter - September 2020 # 2

Seyfarth Shaw LLP on

Despite A Series Of Disappointments, Stimulus Negotiations Remain In The News. As readers of the newsletter are well aware, this specific topic has consumed an inordinate amount of white space.  ...more

Akerman LLP - HR Defense

Employers Not Racing to Implement Employee Payroll Tax Deferral

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Offering eligible workers the option to suspend the employee share of Social Security payroll taxes through year-end may sound good at the moment, but concerns about next year are leaving many employers wary. Indeed, the Wall...more

Davis Wright Tremaine LLP

Payroll Tax Deferral Guidance for Employers (Including Family Businesses)

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Background - The Internal Revenue Code (the "Code") provides the Secretary of the Treasury with the authority to delay tax deadlines in times of national emergency....more

Buchalter

Executive Order Payroll Tax Deferral: Guidance and Considerations

Buchalter on

On August 8, 2020, the President of the United States issued a Presidential Memorandum directing the Secretary of the Treasury to use his authority pursuant to section 7508A of the Internal Revenue Code to defer the...more

Sherman & Howard L.L.C.

Executive Order On 2020 Social Security Withholdings

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On August 8, 2020, President Trump issued an executive order requesting that employers stop withholding the 6.2 percent Social Security tax from certain employees’ paychecks for the remainder of 2020. The order applies to...more

Lathrop GPM

Update – More Payroll Tax Deferrals? Weighing the Risks and Benefits of Employers’ Options in Light of the President’s Executive...

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On August 8, 2020, President Donald J. Trump issued a “Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster” (the “Executive Order”) directing the Treasury Secretary to defer employer...more

Pullman & Comley - Labor, Employment and...

Should Employers Stop Withholding Employees’ Share of Social Security Tax in September? (Part 2)

Pullman & Comley - Labor, Employment and... on

The title’s question is triggered by a Presidential Memorandum issued on August 8, 2020 (the “Memo”) directing the Secretary of the Treasury to defer Social Security taxes for certain employees. ...more

Chambliss, Bahner & Stophel, P.C.

How Will the Coronavirus Pandemic Affect Social Security?

Chambliss, Bahner & Stophel, P.C. on

The coronavirus pandemic is having a profound effect on the current U.S. economy, and it may have a detrimental effect on Social Security’s long-term financial situation. High unemployment rates mean Social Security...more

White and Williams LLP

Recent Guidance on Employee Payroll Tax Deferral: Implementation Steps and Employer Discretion

White and Williams LLP on

The Internal Revenue Service (IRS) recently issued Notice 2020-65 (Notice), which provides guidance regarding the employee payroll tax deferral that was announced by the White House on the August 8, 2020 (Executive Order)....more

Sands Anderson PC

Top Five Questions from Employers Regarding the Executive Order’s Payroll Tax Deferral

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On August 8, 2020, President Trump issued the Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster (the “Executive Order”) allowing for the deferral of employee social security payroll tax...more

Nelson Mullins Riley & Scarborough LLP

Additional COVID-19 Relief – Payroll Tax Withholding Deferral

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The IRS has issued guidance (IRS Notice 2020-65) implementing the Executive Order issued in early August by the President that directs that employees be allowed to delay their payment of certain payroll tax obligations during...more

Neal, Gerber & Eisenberg LLP

IRS Issues Guidance on Payroll Tax Deferral Program, Leaving Many Questions Unanswered

Neal, Gerber & Eisenberg LLP on

On August 28, 2020, the IRS issued Notice 2020-65 (“Notice”) to provide guidance concerning the Executive Order that President Trump issued on August 8, 2020 (“Executive Order”). Per the Notice, the Secretary of the Treasury...more

Manatt, Phelps & Phillips, LLP

Guidance on Payroll Tax Deferral

Manatt, Phelps & Phillips, LLP on

On August 8, 2020, President Trump issued an executive order directing the Secretary of the Treasury to permit employers to defer the withholding and deposit of certain payroll tax obligations. In response, the Treasury...more

Stinson LLP

Payroll Tax Holiday Guidance Leaves Employers Guessing

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On August 28, 2020, the Internal Revenue Service issued Notice 2020-65 in response to President Trump's memorandum directing the Department of Treasury to defer certain payroll tax obligations through December 31, 2020. ...more

Tonkon Torp LLP

Treasury Releases Guidance On Temporary Deferral Of Employee Payroll Taxes

Tonkon Torp LLP on

On Friday, August 28, Treasury released Notice 2020-65, which provides guidance to employers that wish to implement President Trump’s Executive Order allowing a temporary deferral of employee-side Social Security taxes. The...more

Lewitt Hackman

Executive Order on Deferring Payroll Taxes - Frequently Asked Questions

Lewitt Hackman on

On August 8, 2020, the President issued a Presidential Memorandum directing the Secretary of the Treasury to use his authority to defer withholding, deposit, and payment of certain payroll tax obligations (the “Executive...more

Baker Donelson

Executive Order "Deferring" Taxes: Notice 2020-65 Postures Guidance

Baker Donelson on

The President's Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster, dated August 12, 2020 (Order), directs the Secretary of the Treasury "to defer the withholding, deposit, and payment"...more

Foley & Lardner LLP

The Payroll Tax Deferral Dilemma

Foley & Lardner LLP on

On August 8, 2020, President Trump issued an executive order calling for a deferral of the employees’ portion of the payroll tax (the 6.2% Social Security tax only) from September 1, 2020 through December 31, 2020 (the...more

Brownstein Hyatt Farber Schreck

President Trump’s Aug. 8 Tax Executive Orders - Impact on Taxpayers and COVID-19 Negotiations - Update August 2020

Brownstein Hyatt Farber Schreck on

This evening, the Treasury Department and the Internal Revenue Service (IRS) issued guidance (Notice 2020-65) implementing President Trump’s Aug. 8, 2020 presidential memorandum allowing the deferral of withholding, deposit...more

Cozen O'Connor

IRS Releases Implementing Guidance on Payroll Tax Deferral

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This past Friday night the IRS released Notice 2020-65, the much anticipated guidance regarding implementation of the August 8, 2020 presidential memorandum providing for the deferral of the withholding and payment of the...more

Seyfarth Shaw LLP

Questions Remain After Treasury Guidance Implementing President Trump’s Payroll Tax Deferral

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Seyfarth Synopsis: On August 28, 2020, the Internal Revenue Service (“IRS”) issued guidance (the “Guidance”) to implement the payroll tax withholding and payment deferral provided for in President Trump’s Presidential...more

Ballard Spahr LLP

Treasury Issues Guidance Implementing Memorandum on Social Security Tax Deferral

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Late in the afternoon on Friday, August 28, Treasury issued Notice 2020-65 providing guidance implementing President Trump’s Executive Memorandum on social security payroll tax deferral (Payroll Tax Deferral). President...more

Littler

Treasury Department Issues Guidance on Payroll Tax Deferral

Littler on

On August 28, 2020, the U.S. Department of the Treasury issued guidance for employers with respect to the deferral of the employee portion of certain payroll taxes.  This guidance stems from a presidential memorandum issued...more

Akerman LLP - SALT Insights

IRS Issues Limited Guidance On Employee Payroll Tax Deferral and Puts Onus on Employers

Akerman LLP - SALT Insights on

On August 8, 2020, President Trump issued a Memorandum to the Secretary of the Treasury authorizing the deferral of payroll taxes for certain employees from September 1, 2020 through December 31, 2020. Employers and payroll...more

Lathrop GPM

More Payroll Tax Deferrals? Weighing the Risks and Benefits of Employers’ Options in Light of the President’s Executive Order

Lathrop GPM on

On August 8, 2020, President Donald J. Trump issued a “Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster” (the “Executive Order”) directing the Treasury Secretary to defer employer...more

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