In Law360, partners Steven Johnson, Jonathan Zimmerman, and Handy Hevener, along with associates Anna Pomykala and Jacob Oksman, outlined key components of the Coronavirus Aid Relief and Economic Security (CARES) Act’s complex repayment rules for employer-share Social Security tax deferrals. With the first payment deadline being December 31, employers should pay the full amounts due, “including where an employer's calculations are higher than the amounts owing according to a Notice CP256V on an installment payment due for IRC Section 965 tax liability,” the write. “To do otherwise is to risk at least a 10% penalty on the full amount of the deferral.”