Saturday, October 6, 2012

Employers' child support collection efforts pay off ? Business ...

If you follow the money, then collecting child support through wage withholding is a resounding success. According to recent statistics released by the federal Office of Child Support Enforcement (OCSE), 70% of child support is collected through wage withholding. Even so, some deadbeat parents slip through the cracks.

To catch them, the OCSE has formed an alliance with employers to implement its newest program?the Passport Denial Program.

Pay on your way out. Under the program, the Department of State holds the passport applications of deadbeat parents who owe more than $2,500 in back child support.

The OCSE reports that to remove the hold, employers are paying employees? back child support so employees can travel overseas on business.

In a recent report, OCSE notes that some of these amounts are staggering:

  • An Illinois employer paid $12,000 so an employee could travel on business to the Mideast.
  • An employer in California paid $60,000 so an employee could take a job in Europe.
  • A New York employer paid more than $158,000 so an employee could make a business trip to Southeast Asia.

YES, IT?S TAXABLE: While those employers were extremely generous to their employees, the payments can be considered bonuses, which are, of course, fully taxable. Advice: If an employee is planning to travel overseas, inquire whether the company has paid any back child support. If it has, withhold the proper taxes from other pay the employee receives.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/32882/employers-child-support-collection-efforts-pay-off "

Source: http://www.businessmanagementdaily.com/32882/employers-child-support-collection-efforts-pay-off

julia gillard julia gillard pecan pie the hobbit trailer red velvet cake recipe josh krajcik porphyria

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.