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PAYROLL TAX DEFERRAL – EFFECTIVE SEPTEMBER 1, 2020 THRU DECEMBER 31, 2020 What is this new executive order that has come into play most recently regarding a payroll tax deferment and what does it mean for the taxpayer? Payroll Tax Deferral is deferring the 6.2% of taxes that an employer withholds from his/her employee’s paycheck, which is then deposited into the social security fund. This will only apply to employees who are making less than $4,000 in a bi-weekly period. This sounds great at the onset, because it puts more money in the wage earners’ pocket, but deferral does not mean exempt. It…

Many people think that just any old attorney or CPA can take care of their tax debt. This is not true. Most CPAs are great at handling CPA work, but recognize that tax resolution is out of their realm. The same goes for attorneys. Any attorney can file paperwork, but do they really know how to navigate the IRS’ complicated, maze of a system? Probably not. A tax resolution company cannot only save you money, but it can also save you time. Make sure to pick a tax relief expert with the experience and knowledge to handle your case right. If…