Pursuant to the CARES Act, many employers took advantage of the ability to defer payment of the employer portion of certain social security taxes that were otherwise due during 2020. Some have asked questions about whether...more
On April 10, 2020, the Internal Revenue Service (IRS) issued answers to FAQs relating to deferral of the payment of an employer's share of Social Security taxes under the Coronavirus, Aid, Relief, and Economic Security...more
On March 27, 2020 the Coronavirus Aid, Relief and Economic Security Act (CARES) was signed into law. We have summarized below some of the more significant tax provisions in CARES applicable to businesses and individuals....more