Payroll Taxes, Social Security

No Tax on Tips—But What About Overtime and Social Security?

Amundsen Davis LLC on 6/23/2025

Earlier this year, many low-income taxpayers were elated to learn about the possibility that tipped wages could receive federal income tax relief under the No Tax On Tips Act. Under President Trump’s “One, Big Beautiful...more

The Trust Fund Penalty – Times May be Tough, But Don’t “Borrow” from Withheld Taxes

Rivkin Radler LLP on 10/6/2023

It’s wonderful to be part of a successful business, especially in a strong economy. The owners are probably enjoying a more than just decent return on their investment and, in most cases, are getting along well enough. The...more

Mexico City Labor Outsourcing News

Ogletree, Deakins, Nash, Smoak & Stewart,... on 1/29/2021

On November 12, 2020, the Federal Executive filed before the Chamber of Deputies of the Congress of the Union the “Initiative of the Federal Executive that reforms, adds and derogates various provisions of the Federal Labor...more

Overview of President-Elect Biden's Policies

Baker Donelson on 11/12/2020

Below is a broad overview of policies for which President-Elect Biden has indicated support (PDF). It is important to note that, while some of these policies fall under the President's executive power, many will require...more

Employers Not Racing to Implement Employee Payroll Tax Deferral

Akerman LLP - HR Defense on 9/15/2020

Offering eligible workers the option to suspend the employee share of Social Security payroll taxes through year-end may sound good at the moment, but concerns about next year are leaving many employers wary. Indeed, the Wall...more

Update – More Payroll Tax Deferrals? Weighing the Risks and Benefits of Employers’ Options in Light of the President’s Executive...

Lathrop GPM on 9/4/2020

On August 8, 2020, President Donald J. Trump issued a “Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster” (the “Executive Order”) directing the Treasury Secretary to defer employer...more

Should Employers Stop Withholding Employees’ Share of Social Security Tax in September? (Part 2)

Pullman & Comley - Labor, Employment and... on 9/4/2020

The title’s question is triggered by a Presidential Memorandum issued on August 8, 2020 (the “Memo”) directing the Secretary of the Treasury to defer Social Security taxes for certain employees. ...more

How Will the Coronavirus Pandemic Affect Social Security?

Chambliss, Bahner & Stophel, P.C. on 9/4/2020

The coronavirus pandemic is having a profound effect on the current U.S. economy, and it may have a detrimental effect on Social Security’s long-term financial situation. High unemployment rates mean Social Security...more

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – September 2020 #2

Hogan Lovells on 9/3/2020

In Washington - With no deal between Democrats and the Trump Administration in sight, It’s appearing more likely that Congress might package additional coronavirus relief with the 12 must-pass appropriations bills before...more

Payroll Tax Holiday Guidance Leaves Employers Guessing

Stinson LLP on 9/2/2020

On August 28, 2020, the Internal Revenue Service issued Notice 2020-65 in response to President Trump's memorandum directing the Department of Treasury to defer certain payroll tax obligations through December 31, 2020. ...more

Labor & Employment E-Note - August 2020

Burr & Forman on 9/1/2020

Navigating the Minefield of Legal Challenges as Employees Return to Work - Employers face a host of potential legal pitfalls as businesses that were closed in response to the COVID-19 pandemic reopen and new virus hotspots...more

President Trump’s Aug. 8 Tax Executive Orders - Impact on Taxpayers and COVID-19 Negotiations - Update August 2020

Brownstein Hyatt Farber Schreck on 9/1/2020

This evening, the Treasury Department and the Internal Revenue Service (IRS) issued guidance (Notice 2020-65) implementing President Trump’s Aug. 8, 2020 presidential memorandum allowing the deferral of withholding, deposit...more

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – August 2020 # 20

Hogan Lovells on 9/1/2020

In Washington - Majority Leader Mitch McConnell (R-KY) confirmed during a call with GOP conference and White House officials that the Senate will not reconvene until after Labor Day. During the call, White House chief of...more

IRS Releases Implementing Guidance on Payroll Tax Deferral

Cozen O'Connor on 9/1/2020

This past Friday night the IRS released Notice 2020-65, the much anticipated guidance regarding implementation of the August 8, 2020 presidential memorandum providing for the deferral of the withholding and payment of the...more

Questions Remain After Treasury Guidance Implementing President Trump’s Payroll Tax Deferral

Seyfarth Shaw LLP on 9/1/2020

Seyfarth Synopsis: On August 28, 2020, the Internal Revenue Service (“IRS”) issued guidance (the “Guidance”) to implement the payroll tax withholding and payment deferral provided for in President Trump’s Presidential...more

Treasury Department Issues Guidance on Payroll Tax Deferral

Littler on 8/31/2020

On August 28, 2020, the U.S. Department of the Treasury issued guidance for employers with respect to the deferral of the employee portion of certain payroll taxes. This guidance stems from a presidential memorandum issued...more

IRS Issues Limited Guidance On Employee Payroll Tax Deferral and Puts Onus on Employers

Akerman LLP - SALT Insights on 8/31/2020

On August 8, 2020, President Trump issued a Memorandum to the Secretary of the Treasury authorizing the deferral of payroll taxes for certain employees from September 1, 2020 through December 31, 2020. Employers and payroll...more

More Payroll Tax Deferrals? Weighing the Risks and Benefits of Employers’ Options in Light of the President’s Executive Order

Lathrop GPM on 8/25/2020

On August 8, 2020, President Donald J. Trump issued a “Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster” (the “Executive Order”) directing the Treasury Secretary to defer employer...more

Payroll Taxes › Social Security