Tax Levies and Creditor Garnishments: What Payroll Doesn’t Know Can Hurt You!

This course concentrates on processing garnishments 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.

Course Key Concepts: Garnishment, IRS tax levy, creditor garnishment, student loan, payday loan, state tax levy, Form 668-W.