The IRS provided preliminary guidance late Friday, August 28th, which answers some questions including the definition of “applicable wages,” qualifying payroll threshold amounts, and repayment dates. They’ve also shared a new proposed 941 form. However, many critical questions remain unanswered such as employer vs. employee liability, the impact of job changes, and whether or not employers have a choice in offering the deferral in the first place.

In the meantime, to better understand how the President’s order might impact your business and prepare you for conversations with employees asking about the program, we are holding a webinar to unpack the latest IRS guidance, review the proposed new 941 tax form, and walk through the remaining big unanswered questions.