turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Are 941 Payroll Tax Installation Agreement Payments Deferred?

President Trump recently announced that employer payroll taxes will be deferred...
Can anyone tell me if that means a monthly installment agreement for payroll taxes are deferred as well? This is paid under form 941. The stakes are high as this was negotiated with an offer in compromise and if it defaults we could be liable for the entire amount plus the fees + penalties.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Are 941 Payroll Tax Installation Agreement Payments Deferred?

The payroll tax cut proposed by the White House is for the 6.2% of your pay that pays the employee portion of Social Security.  There are presently no guidelines for how the plan will work and the plan may not even go into effect.  You should not hope that this plan will mean any difference in what sounds like a payroll garnishment plan to pay your back taxes.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question