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Analysis of IRS Guidance for President Trump’s COVID-19 Payroll Tax Holiday

September 22, 2020

  Analysis of IRS Guidance for President Trump’s COVID-19 Payroll Tax Holiday Following the failure of Congress to pass the most recent round of COVID-related economic stimulus, which has still not occurred, President Trump, by executive order, postponed the collection and remittance of Social Security taxes withheld from employees’ checks. This Social Security tax amounts…

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