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payroll taxes

Year-End Sellers Take Note: Planning Considerations with CARES Act Deferred Payroll Taxes

December 16, 2021 By Alston & Bird Federal & International Tax Group

The end of the year can bring new opportunities for tax planning. Our Federal Tax Group explains how 2021 year-end or 2022 sellers in M&A transactions can consider accelerating deductions for payroll taxes deferred under the CARES Act. The CARES Act does not prohibit early payments of deferred payroll taxesSellers may benefit from paying the deferred payroll tax liability before closing and accelerating the deductionsSellers should consider the overall tax impact of the additional deductions Read the full advisory here. [...]Read more

Filed Under: Federal Tax Advisory Tagged With: CARES Act, Corporate Tax Planning, deductions, IRS, IRS Form 941, m&a, payroll taxes

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