Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-24-2010, 11:27 AM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,399
Blog Entries: 3
What is the definition of Garnishment of Wages?

The definition of "Garnished wages" is monies that are generally withheld from payroll checks to pay a debt. People would generally be subject to garnished wages as a result of

1. failure to pay back taxes.

2. failure to pay child support.

3. failure to pay creditors. The

4. failure to pay monies in any type of court settlement.

Generally speaking a court must order "those paying the person who is in debt to reduce the wages. The employer must then send the garnished amount to the appropriate source."

In addition, it is worth noting that the government can also demand garnishment of wages, as well as reducing the tax refund of income tax returns when a borrower defaults on a student loan.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What is included in the definition of Medical Expenses for Tax purpose? TaxGuru Medical 2 05-08-2013 09:07 AM
What is the IRS definition of Gross Income? TaxGuru Income 0 08-12-2009 01:57 PM
What is the IRS definition of a first-time home buyer? TaxGuru Homeowner Tax 0 01-29-2009 01:52 AM
Child support garnishment for spouse crystleyz Miscellaneous 2 01-28-2009 08:54 PM
How and why does the IRS garnish a taxpayers wages? TaxGuru General 0 09-20-2008 12:16 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning