Tax Levies and Creditor Garnishments: What Payroll Must Know to Stay In Compliance for 2018

Tax levies and creditor garnishments can be some of the most complex tasks required of any payroll department. If garnishments are not handled correctly, you may find yourself facing situations that become extremely costly both financially and emotionally. Courts, federal and state regulations, bureaucracies, lawyers and a multitude of other factors can complicate even the most basic procedures. Add in the emotional turmoil that often accompanies garnishment orders and even small errors can become major disasters. 

In this webinar expert speaker Vicki M. Lambert will covers the complexity in the handling and compliance with tax levies and creditor garnishments by the payroll department. Discuss the Priorities between conflicting entities as well as federal and state compliance requirements are highlighted, and provide tips for reducing processing time and costs. 

Session Highlights: 

How to define the various types of tax levies and creditor garnishments 

The federal requirements a payroll department must know on each type of garnishment 

How state requirements affect garnishments 

How to handle terminated employees in regard to garnishments 

How to determine the withholding under a federal tax levy 

Deducting the proper amounts for student loans and creditor garnishments 

What rules are followed when it comes to state tax levies—and it may not be the CCPA 

Best practices for communicating with employees and issuing parties 

How to calculate the withholding and prioritize the order of distribution when an employee has more than one type of garnishment 

What to do with “payday loans” or what are known as voluntary wage assignments for creditors 

Best practices for processing garnishments in the payroll department 



Why You Should Attend: 

This webinar will concentrate on processing garnishment in the payroll department other than child support. It covers the federal rules for creditor garnishments, the IRS rules for federal tax levies, the various aspects of state tax levies, the key points for processing state creditor garnishments, how to handle voluntary wage assignments such as payday loans and student loans. It includes best practices for reconciling and processing the garnishments in the payroll department. Sample memos for communicating with the employee concerning garnishments are included. Step by step math calculations are reviewed for tax levies and creditor garnishments. The IRS Form 668-W is reviewed. 

Who Should Attend: 

Payroll Professionals 

Human Resources 

Accounting Personnel 

Business Owners 

Lawmakers 

Attorneys, or any individual or entity that must deal with the complexities and technicalities within the payroll process 



Ask your question directly from our expert during the Q&A session following the live event.
Location: United States

Comments

Post a Comment

Popular posts from this blog

Construction Risk Management with Current Issues & Real Life Examples

Construction projects entail considerable risk. Profit margins are relatively low when compared to the investment made, and often estimates of cost can only be based on best guesses. Therefore, it is critical to manage and minimize the exposure to risk. Fortunately, there are several opportunities in the life of a project that allow for significant risk management . These opportunities start with the decision of whether or not to bid, and following through to the bidding, subcontracting, and management phases. In this webinar Expert Speaker Fritz Marth will explore the risk management strategies that can be employed at the various times, and in the various aspects, of a construction project. Using real-life examples, Speaker will also explore the successful implementation of these methods, as well as instances where a failure to manage risk resulted in unsuccessful outcomes. Session Highlights:  Assessing whether or not to bid a project Developing an adequate bid Properly p
Read more

Importance of Quality as Work Culture in Food & Pharmaceuticals Manufacturing

Good manufacturing practices, developed in the past 20 years, have introduced new hygienic rules that limit contamination by pathogenic and spoilage bacteria. Consumers are more aware of the quality and storage of meat and of the safety measures taken during its preparation. However, several criteria other than eating quality play an important role in meat acceptability, e.g., price of meat, attitudes and knowledge of consumers towards meat, and convenience in preparing meat.  “ It’s difficult to find anyone who says food safety is not important, but people don’t always realize that when you do good for food safety, you do good for the business ,” Hernandez said. … “ A strong food safety program and discipline provide benefits that go well beyond food safety. ” These are the key factor of Food Safety Standards: Food Safety is Good for Business Impact on Businesses & Study Hazard Analysis & Critical Control Point GMP In Food Industry Food Safety Is Good For Bus
Read more
Overview of  FDA computer system  validation requirements, including 21 CFR Part 11 compliance FDA requires that all computer systems that handle data regulated by the Agency to be validated in accordance with their guidance on computerized systems. This guidance was first issued in 1983, and the main points of focus remain consistent today, despite the number of years that have passed and the technology changes that have taken place. The guidance was revisited for its application to the medical device industry, as the first issuance addressed pharmaceuticals. In 1997, 21 CFR Part 11 was issued to address electronic records and signatures, as many laboratories and other FDA-regulated organizations began seeking ways to move into a paperless environment. This guidance has been modified over the years to make it more palatable to industry, and this includes discretionary enforcement measures. The intent was to avoid creating a huge regulatory compliance cost to industry that was in
Read more