You are currently browsing the IRS Tax Talk weblog archives for December, 2011.
26. December 2011 by admin.
A 2-Month Extension to the Payroll Tax Cut Signed
Friday, December 23, 2011 a 2-month extension of the payroll tax cut was signed. This means the employee social security rate will remain at 4.2% through February 29, 2012. Paycor has updated the tax rate to 4.2% for January and February 2012. We continue to closely monitor this legislation and will relay any additional updates.
Posted in Payroll Tax, International Taxation, Sub S Corporations, LLC's, Income Tax | 1 Comment »