Your choice: To ditch Social Security tax withholding or not
Business Management Daily
AUGUST 17, 2020
President Trump’s executive order suspending the employee portion of Social Security taxes, issued two weeks ago, left many employers wondering what to do. According to Treasury Secretary Steven Mnuchin, deferring employees’ share of Social Security taxes will be optional for employers. 1 effective date. IRC § 3102 and reg.
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