The U.S. IRS has announced the issuance of guidance to implement the presidential memorandum issued on 8 August 2020 for the deferral of certain employee social security tax withholding. --- Guidance issued to implement Presidential Memorandum deferring certain employee Social Security tax withholding IR-2020-195, August 28, 2020 WASHINGTON — The Department of Treasury and Internal Revenue Service today issued guidance implementing the Presidential Memorandum issued on Aug. 8, 2020, allowing employers to defer withholding and payment of the employee's portion of the Social Security tax if the employee's wages are below a certain amount. Notice 2020-65, posted today on IRS.gov,...