How to Handle Tax Levies and Creditors Garnishments While Maintaining Compliance and Eliminating Problems
Total Credits: 1 including 1 Taxes - Technical
- Average Rating:
- 27
- Categories:
- Partner Produced | Tax
- Speaker:
- Neal Nusholtz
- Course Levels:
- Overview
- Duration:
- 1 Hour
Description
Some of the most stressful situations for professionals handling payroll functions are created by tax levies and creditor garnishments. Violating compliance rules can result in extremely costly penalties. Confusion and serious financial – and personal – consequences can be avoided by correctly managing the conflicting interests of the parties involved. Discuss best practices for handling tax levies and creditor garnishments efficiently and in compliance with federal and state requirements to help diminish processing time and costs and eliminate financial and emotional turmoil.
Basic Course Information
Learning Objectives-
Walk away with an understanding of the proper procedures, regulations and priorities required by the numerous federal and state agencies governing these garnishments.
Major Subjects
- How state requirements affect garnishments
- How to handle terminated employees in regard to garnishments
- How to determine the withholding under a federal tax levy
- Proper processing for student loan and creditor garnishments
- 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
- Best practices for processing garnishments in the payroll department
Course Materials
| Important CPA Credit Instructions READ BEFORE WEBCAST UPDATED (487.5 KB) | Available after Purchase | ||
| Handout (620.7 KB) | Available after Purchase | ||
Speaker
Neal Nusholtz Related Seminars and Products
Attorney, Neal Nusholtz, PC
Neal Nusholtz is a tax attorney specializing in all areas of taxation, including income and estate and gift taxation, estate planning, business transactions and planning, probate, trust administration, estate, gift, and income tax audits, IRS administrative appeals, and tax litigation in federal district courts, the Michigan Tax Tribunal, the U.S. Tax Court, and the 6th Circuit Court of Appeals. He was selected by Corp Magazine in 1999 as one of the Top Ten Business Attorneys in Southeastern Michigan. He is a graduate of Oberlin College (1975) and Cooley Law School (1979).
Additional Info
Basic Course Information
PrerequisitesNone
Advanced Preparation
None
Designed For
CPAs, attorneys, payroll professionals, human resources and accounting personnel, business owners, or any individual or entity that must deal with the complexities and technicalities of the payroll process.
Original Recording Date
9/2021
Yellow Book
No
Course Developer
MICPA
Date Added to Catalog
09/2021
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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