A note if you deferred certain employee’s payroll taxes in 2020

Did you defer certain employee’s payroll taxes during the period of 9/1/20 – 12/31/20, pursuant to Notice 2020-65? Under previous guidance, any taxes which had been deferred were to be withheld and repaid from employee wages between 1/1/21 - 4/1/21; however, Notice 2021-11 has allowed for these amounts to be withheld and repaid from 1/1/21 – 12/31/21.

A copy of the notice can be found here: https://lnkd.in/dgjyzN9
#payrolltaxes #IRS


Saturday, January 23, 2021