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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 taxes
  • Sellers may benefit from paying the deferred payroll tax liability before closing and accelerating the deductions
  • Sellers should consider the overall tax impact of the additional deductions

Read the full advisory here.

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

About Alston & Bird Federal & International Tax Group

Alston & Bird has a highly acclaimed, diversified tax practice covering every area of tax law. Our tax practice is both national and international in scope, with clients headquartered throughout the United States and abroad, including the world financial centers in Asia, Europe and South America.

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