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This course concentrates on processing garnishments in the payroll department other than child support.  It covers the federal rules for creditor garnishments, the Internal Revenue Service (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.

This course also 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, Notice of Levy on Wages, Salary, and Other Income, is reviewed.

Learning Objectives

  • Explore the various types of tax levies and other garnishments
  • Identify the federal requirements for each type of garnishment
  • Discover how state requirements affect creditor garnishments and payday loans
  • Explore the best practices for processing garnishment in the payroll department
Last updated/reviewed: May 19, 2019

1 Review (4 ratings)Reviews

5
Member's Profile
It is great to be able to determine the prioritization of the different garnishments, child support, wage assignments, tax levies, bankrupticies and other loans that need to be deducted from an employee's paycheck.

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:03Introduction to Tax Levies and Creditor Garnishments: What Payroll Doesn’t Know Can Hurt You
  9:45The Basics of Garnishments: Handling in the Payroll Office Part 1
  12:48The Basics of Garnishments: Handling in the Payroll Office Part 2
  16:19The Basics of Garnishments: Handling in the Payroll Office Part 3
  17:56Federal Tax Levies
  2:33Federal Agency Debt Collections
  18:49Creditor Garnishments
  4:18State Tax Levies
  7:11Voluntary Wage Assignments
  3:20Bankruptcies
  7:25Student Loans & Conclusion
CONTINUOUS PLAY
  1:43:15Tax Levies and Creditor Garnishments: What Payroll Doesn’t Know Can Hurt You
SUPPORTING MATERIALS
  PDFSlides: Tax Levies and Creditor Garnishments: What Payroll Doesn’t Know Can Hurt You
  PDFTax Levies and Creditor Garnishments: What Payroll Doesn’t Know Can Hurt You Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM