May 2012: Guidance on Reporting Interest Paid to Nonresident Aliens

 The IRS has issued rules on reporting deposit interest payments to nonresident alien members. The rules require credit unions report interest income paid to nonresident aliens on deposits and applies to interest payments made on or after January 1, 2013.  Join me for an in-depth look at the new IRS requirements and information to keep your credit union in compliance.  To view the regulation click here or to download the slides from this video click here.

Uploaded on May 8, 2012

Tags: Shawn Wolbert, IRS Requirements, reporting deposits, credit unions