Employers Can Withhold, Make Payments of Deferred Social Security Taxes from 2020

A recently released notice allows employers who elected to defer certain employees’ taxes to withhold and pay those deferred taxes throughout 2021 – instead of just the first four months of the year.… Read more about Employers Can Withhold, Make Payments of Deferred Social Security Taxes from 2020 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS, Tax Industry Working to Redirect Some EIP Direct Deposits

The Internal Revenue Service this afternoon announced it was working with the tax and financial industry to redirect Economic Impact Payments that were direct deposited in closed, inactive, or “unfamiliar” bank accounts.… Read more about IRS, Tax Industry Working to Redirect Some EIP Direct Deposits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…