President Issues Executive Order to Defer Social Security Taxes

President Trump issued an government get on August eight, 2020, providing for the deferral of the employee&aposs portion of Social Safety taxes for sure staff members for the period of time beginning September 1, 2020, by December 31, 2020. The president has instructed the secretary of the treasury to give direction to put into action the get and to also check out avenues, such as legislation, for eliminating the obligation to pay back the deferred taxes……
By: Bradley Arant Boult Cummings LLP