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U.S. IRS Issues Notice on Payments of Deferred Social Security Taxes

26 January 2021

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Approved Changes

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United States

The U.S. IRS has announced the issuance of Notice 2021-11 concerning the payment of deferred social security taxes in response to COVID-19, which can be paid through 2021 instead of just the first four months. --- Employers can withhold, make payments of deferred Social Security taxes from 2020 WASHINGTON — The Internal Revenue Service today released Notice 2021-11 addressing how employers who elected to defer certain employees' taxes can withhold and pay the deferred taxes throughout 2021 instead of just the first four months of the year. In response to a presidential memorandum signed August 8, 2020, Notice 2020-65 was...