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Your choice: To ditch Social Security tax withholding or not

Business Management Daily

Section 7508 was amended in 2005, by the Katrina Emergency Tax Relief Act (P.L. There’s a difference between paying employment taxes and depositing employment taxes, as the preamble to the regulation implementing IRC § 7508—§ 301.7508—notes. We’ve spent the better part of this week reading other tax lawyers’ opinions about this.

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