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Payroll tax deferral guidance leaves unanswered questions

The IRS and U.S. Treasury recently issued guidance implementing an order from President Donald Trump to defer collection of certain payroll taxes normally withheld from employees’ paychecks. However, a number of questions remain for businesses, including whether or not the deferral is mandatory and how the order would be implemented.

Click here for an overview of the guidance and insight on what your business should do.