IRS Issues Guidance to Implement Deferral of Certain Employee Social Security Tax Withholding

IRS Issues Guidance to Implement Deferral of Certain Employee Social Security Tax Withholding We continue to provide updates on our breaking news email from last week regarding the IRS Notice 2020-65 that included some guidance for implementing the August 8th Presidential Memorandum. For applicable wages, the Memorandum directs the Treasury Department to postpone the Read more…

IRS Targets Virtual Currency

IRS Targets Virtual Currency Revenue agents are on the hunt for those who deal in virtual currency. They’re mailing letters to people they believe have virtual currency accounts.  It’s part of IRS’s efforts to clamp down on unreported income from these transactions. Two of the letters aren’t threatening, asking taxpayers Read more…