Corduroy Frog Posted September 8, 2020 Report Posted September 8, 2020 If an employer doesn't wish for his(her) employees to participate in this ridiculous PR tax deferral, can the employer opt out? Quote
Lynn EA USTCP in Louisiana Posted September 8, 2020 Report Posted September 8, 2020 Yes - it is strictly the employER's choice to opt in or out. 1 Quote
grandmabee Posted September 8, 2020 Report Posted September 8, 2020 I didn't realize the employee didn't have a say in this. Thank goodness ! All I see is problems in the future. Quote
ILLMAS Posted September 8, 2020 Report Posted September 8, 2020 Has the IRS or government made any mention if they still don't have money when the payroll taxes are due, that there is no penalty and not to worry about not having the money when the time comes? Quote
Corduroy Frog Posted September 9, 2020 Author Report Posted September 9, 2020 Thanks gang. I had heard that as soon as the executive order came out, all Federal employees automatically had the deferral but were given the opportunity to opt out. Can anyone guess what could happen if the 1st quarter rolls around and for some reason the employer is not able to collect? For example, what if the employee quits at Christmastime? Is the IRS going to program their systems to collect from him as soon as he finds another job? A really bad idear. 1 Quote
DANRVAN Posted September 12, 2020 Report Posted September 12, 2020 On 9/8/2020 at 9:48 PM, Corduroy Frog said: Thanks gang. I had heard that as soon as the executive order came out, all Federal employees automatically had the deferral but were given the opportunity to opt out. Can anyone guess what could happen if the 1st quarter rolls around and for some reason the employer is not able to collect? For example, what if the employee quits at Christmastime? Is the IRS going to program their systems to collect from him as soon as he finds another job? A really bad idear. From what I have read it is going to fall on the shoulders of the employer regardless. Quote
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