Posts Tagged ‘bank accounts’

Internal Controls: Who Is Authorized to Open a Bank Account and to Deposit and Disburse Public Funds?

Thursday, July 26th, 2012

Sheriff Andy Taylor holds a fundraiser to raise money for, and promote awareness of, his office’s drug abuse resistance education (D.A.R.E.) program. The office raises approximately $5,000 in cash and checks from the fundraiser (selling Aunt Bee’s famous pies) and Sheriff Taylor promptly deposits these funds into a bank account that he has opened at […]

New Federal Rules for Bank Account Attachments

Tuesday, March 29th, 2011

[Update: In 2013 the federal government issued new regulations concerning this issue. See this blog post for more details.]  Bank accounts are prime targets for tax collectors thanks to the quick and easy attachment procedures in the Machinery Act that are available for the collection of any local tax.  But what happens when a bank account […]