By Rich Peterson, Wendy Moore, and Minkeun Woo
UPDATES
In response to the ongoing coronavirus (COVID-19) pandemic, U.S. Congress, the executive branch, and the Internal Revenue Service (IRS) have taken several actions intended to provide immediate relief to taxpayers. In prior updates, we summarized some of the actions taken in the last several months, including the tax provisions contained in the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Continue Reading Summary of Notice 2020-65: Deferral of Employee’s Portion of Social Security Taxes