Ideas & Insights

The final version of Form 941-X Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund has been released by the IRS.

Due to the COVID-19 pandemic and economic crisis, the IRS will permit employers to adopt midyear amendments to plan contribution formulas.

Notice 2020-46 provides guidance for cash payments from foregone vacation, sick or personal leave made by employers to charities.

Section 4960 proposed rules add examples and clarity while generally following interim guidance and providing taxpayer-friendly exceptions.

Congress authorizes additional $310 billion for PPP; SBA issues additional eligibility guidance for hedge funds and private equity.

Updated IRS guidance addresses issues and questions related to the employer social security payroll tax payment deferral in the CARES Act.

Employer social security payroll tax payment deferral for taxes incurred from March 27th through Dec. 31, 2020.