Can a garnishment attach to payments or other assets that are not reported on my W-2 or NC-2 and are not considered salaries and wages? Are these subject to any garnishment limitations?
The garnishment attaches bank accounts, rents, royalties, contract payments, deposits, accounts receivables and all other intangible property incapable of manual levy. These amounts are not subject to the 10% limitation. The full amount of these types of payments that would otherwise be paid to you must be garnished and remitted to the Department of Revenue. For example, as an employee of a bank you may also have deposit accounts at the bank. In this case, the bank must remit 100% of any deposits to the Department of Revenue. Additionally, the bank must withhold 10% of your gross salaries or wages until the liability shown due on the garnishment, together with accrued interest, is paid in full.
Related Questions
- Can a garnishment attach to payments or other assets that are not reported on my W-2 or NC-2 and are not considered salaries and wages? Are these subject to any garnishment limitations?
- Can a garnishment attach to payments or other assets that are not reported on a W-2 or NC-2 and are not considered salaries and wages? Are these subject to any garnishment limitations?
- Are payments that are made to an individual for lost business income, lost wages, or lost profits required to be reported to the IRS by the person making the payment?
