Federal Requirements for Withholding for Ordinary Garnishment and Support
1 hour 5 minutes
Gain tips and tools needed to know how to stay compliant and process garnishments.
Garnishments are a requirement of doing business and having employees but juggling the different types of garnishments; and federal and state laws can be exhausting. This program will give you the tips and tools to know how to stay compliant and process garnishments. We will talk about all the recent updates to Garnishment legislation due to the COVID-19 pandemic, including what garnishments should stop and should continue, etc. We will also discuss the challenges and risks employers face when not properly handling garnishments, and review the impact the recent tax reform had on garnishments.
• You will be able to explain the CARES act and how it affect student loan garnishments.
• You will be able to identify the employer responsibilities.
• You will be able to recognize the proper order of garnishment priority when an employer receives multiple orders.
• You will be able to review lump sum reporting requirements and how to comply.