Vorys (Ohio/Texas): Treasury Issues Guidance on Elective Deferral of Employee Social Security Tax Withholding

On August 8, 2020, President Trump issued a memorandum directing the Treasury Department to enable employers to defer withholding and payment of employees’ share of social security taxes.  (See our August 11 Alert: Deferring Social Security Tax Withholding.)  On August 28, 2020, Treasury released Notice 2020-65 (the Notice) implementing this directive. MORE.

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