PDF A to Z of Garnishments: Part 2: Tax Levies and Creditor ...

A to Z of Garnishments: Part 2: Tax Levies and Creditor Garnishments

Presented on Tuesday, May 2, 2017

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What Is Our Focus For Today?

5 Terms, Definitions and Priorities Laws and Regulations Federal Tax Levies Federal Agency Debt Collections State Tax Levies Creditor Garnishments Voluntary Wage Assignments Bankruptcies Student Loans

?2017 The Payroll Advisor

Today's Presenter

Vicki M. Lambert CPP

Vicki M. Lambert, CPP, is President and Academic Director of The Payroll AdvisorTM, a firm specializing in payroll education and training. The company's website offers a subscription payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.

Usual Suspects

7

Child Support

Federal Tax Levy

Federal Agency Debt Collection

State Tax Levy*

Creditor*

Student Loans*

Bankruptcies*

*Not really sure where they fit in until received due to state laws

?2017 The Payroll Advisor

Exceptions on Priority

8

Federal tax levy is received prior to child support order Federal Agency Debt received prior to tax levy Bankruptcy may include other levies and child support

and therefore goes first Student loans fall in with creditor State tax levy and creditor depend on state

requirements

?2017 The Payroll Advisor

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