About

David Lynam maintains the Illinois Business and Tax Law Blog. He is an emeritus member of the Chicago Bar Association and serves on its Business…

David Lynam maintains the Illinois Business and Tax Law Blog. He is an emeritus member of the Chicago Bar Association and serves on its Business Law Committee. Mr. Lynam is also a member of the Illinois CPA Society and serves as a member of the Society’s Gift and Estate Tax Committee.

Latest Post

A Presidential directive was issued on Saturday, August 8, 2020, deferring collection of certain U.S. payroll taxes normally withheld from employees’ paychecks from September 1 through the end of the year. The IRS issued guidance on August 28, 2020, attempting to implement the directive, allowing employers to defer withholding the employee portion of certain payroll taxes (where pretax wages or compensation during any biweekly pay period is less than $4,000) during the last four months of 2020. But this is no free lunch, as the withholding and payment of these taxes is only postponed until the period beginning Jan. 1,… Continue Reading How employers can respond to the Presidential order on payroll taxes

About

David Lynam maintains the Illinois Business and Tax Law Blog. He is an emeritus member of the Chicago Bar Association and serves on its Business…

David Lynam maintains the Illinois Business and Tax Law Blog. He is an emeritus member of the Chicago Bar Association and serves on its Business Law Committee. Mr. Lynam is also a member of the Illinois CPA Society and serves as a member of the Society’s Gift and Estate Tax Committee.