The ordered IRS garnishment was for failure to report and pay adequate taxes.
FUND BALANCE as an accounting term is when liabilities are subtracted from assets, there is a fund balance. A positive fund balance means there are more assets than liabilities; a negative fund balance means just the...
As it relates to a ordered IRS garnishment, can/should a State or Local government use federal grant funds to fulfill the order or should the State of Local government entity use its Fund balance to make payment? Is there prohibition to use Federal Funds in this manner if the base period is not...