Hi JuanitaWinter. I'll check with the product manager to see about getting something posted in the Announcements forum, however, I believe at this point, the AICPA has asked for some guidance/clarification. https://www.journalofaccountancy.com/news/2020/aug/aicpa-requests-guidance-on-payroll-tax-deferral-coronavirus-relief.html. More to come!

Thank you Terry. I will wait for more information from SAGE.

Hi JuanitaWinter. We are awaiting clarification - I posted this to the Announcements, News, and Alerts forum: https://www.sagecity.com/support_communities/sage_construction_and_real_estate/f/sage-cre-announcements-news-and-tips/154568/sage-is-monitoring-the-president-s-executive-order-related-to-covid-19

Is this something that HAS to be done? Is there a way to opt-out of it?? I mean a lot of our people don't want to do it at all, since they have to get double the tax out for the first 4 months of 2021

Hi Breiholz Controller - 

The deferral is optional. A post to the Announcements forum is planned for later today/early tomorrow. 

Ok is it optional for the businesses or just employees?

It's best for you to reach out to your CPA or financial advisor for this type of question. You can read the Presidential Memorandum here: https://www.whitehouse.gov/presidential-actions/memorandum-deferring-payroll-tax-obligations-light-ongoing-covid-19-disaster/

The guidance provided by the IRS can be found here: https://www.irs.gov/pub/irs-drop/n-20-65.pdf