Deposit Interest

News & Analysis as of

The Deposit/Last Month's Rent

At Lerners LLP, we often encounter landlords and tenants alike who do not understand their rights and obligations with respect to deposits. ...more

Nonresident Alien Deposit Interest Reporting Requirements Are Now in Effect

Starting January 1, 2013, all commercial banks, savings institutions, credit unions, securities brokerages and insurance companies must report interest on deposits paid to nonresident alien individuals to the IRS and to the...more

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