Payroll tax exective order

[Burke]

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

[rbynaker]

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

[TaxGuyBill]

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.

[Burke]

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