The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer’s share of social security taxes and self-employed individuals to defer payment of certain self-employment taxes. The IRS issued FAQs to address specific issues related to the deferral of deposit and payment of these employment taxes. On April 10, 2020, the Internal Revenue Service issued new guidance on the deferral of employment tax deposits and payments through December 31, 2010, as follows:
2020ARD 073-2: Internal Revenue Service: Frequently asked questions […]