Garnishments

IRS updates form & guidance for federal tax levies

Check your records: The IRS recently updated several key pubs and forms related to federal tax levies.   You’ll want to double-check that you have the most up-to-date info when calculating how much of an employee’s pay is exempt from levy.   New instructions   Because the Tax Cuts and Jobs Act eliminated the personal [...]

July 19th, 2018|Garnishments|

Garnishments: The cost of incorrectly calculating disposable earnings

Employer deducted wrong amounts from wages Calculating disposable earnings can be a real headache.  But mistakes can lead you to deduct too much or too little from employees' wages. Take, for instance, the Southwest Center for the Developmentally Disabled Inc. of Louisville KY. The Dept. of Labor (DOL) discovered the nonprofit failed to properly calculate [...]

October 20th, 2016|Garnishments|