Announcement

Collapse
No announcement yet.

Payroll tax exective order

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    #31
    From what I am reading in the press, hardly any employers (including some very large ones) are implementing this suspension.

    Comment


      #32
      I thought this might be relevant info so I'm tacking it onto this older thread.

      https://www.irs.gov/forms-pubs/form-...notice-2020-65

      From my IRS e-News this week, "In short, the 2020 Form W-2 must reflect only the amount of Social Security tax actually withheld from 2020 wages, and a Form W-2c will need to be issued when the 2020 Social Security tax is withheld in 2021."

      Rick

      Comment


        #33
        Yet another reason why employers would not want to suspend the Social Security tax. That sounds like a nightmare. Extra work (and cost) for the employer and lots of confusion for the employees that receive the W-2c.

        Comment


          #34
          See also the recent Taxbook Update Notice which discusses how to report this.

          Comment

          Working...
          X