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Month: May 2020

Impact of COVID-19 on federal payroll taxes

On Behalf of Kundra & Associates PC | May 11, 2020 | Employment Tax Law

Payroll taxes make up about 2/3 of the IRS' annual revenue. With the COVID-19 pandemic sweeping the globe and unemployment at an all-time high, the IRS is expecting a significant decline in this revenue, meaning after the panic has ended, they will need to replenish...

The IRS will need to recoup lost revenue from somewhere

On Behalf of Kundra & Associates PC | May 4, 2020 | IRS Updates

In recent months, the United States has come up with a number of solutions to help taxpayers and corporations keep their heads above water. With tens of millions of families losing their stream of income and businesses shut down, the revenue stream is at a critical...

Month: May 2020

Impact of COVID-19 on federal payroll taxes

The IRS will need to recoup lost revenue from somewhere

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