TXCPA Committee Recommends Suspending All IRS Notices
IRS Adds Marijuana Industry Page to Website

TXCPA Committee Responds to Presidential Memorandum on Deferring Payroll Tax Obligations

In a letter to Treasury and the IRS, TXCPA’s Federal Tax Policy Committee endorses AICPA’s request for additional guidance to implement the Presidential Memorandum dated Aug. 8, 2020, on deferring payroll tax obligations and seeks additional guidance on related issues. The committee also disagrees with the approach taken in IRS Notice 2020-65, which requires employers to collect the deferred taxes, and recommends that certain aspects of the notice be reversed and clarified.




Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name is required. Email address will not be displayed with the comment.)