How do we defer the EMPLOYEE portion of the Social Security Tax as per the CARES Act?
I'm trying to run payroll and I don't know how, and can't find any directive on how to allow the deferment of the employee portion of the Social Security Tax. I know I'm not supposed to manually zero it out, so shy of that, what can we do for the employees that would like to take advantage of this deferral?
How do we defer the EMPLOYEE portion of the Social Security Tax as per the CARES Act?
Well, there aren't any instructions because the IRS hasn't published any rules, instructions, or tax forms. Or any timetable when they might be available.
Without them, there isn't any way for Intuit to change QuickBooks to then comply.
By the time the IRS completes these things, and Intuit has time to respond, the year will be over already.
How do we defer the EMPLOYEE portion of the Social Security Tax as per the CARES Act?
I had to zero out the employee social security to defer it on the payroll checks, now I have a balance due on the payroll report 941. How do I fix this?
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.