This section reviews tax deposit schedules, the Electronic Federal Tax Payment System (EFTPS) and other electronic filing requirements, potential penalties for noncompliance, and important tax forms (e.g., 941, W-2, W-3, 1099).
President Trump has issued an executive order for a payroll tax holiday to provide financial relief to employees affected by the COVID-19 crisis. However, many payroll experts are advising employers not to take action until further information is available.
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