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  • IRS Updates FAQ 23 on the FATCA

    August 25, 2023

    The IRS has updated FAQ 23 on FATCA, under the section, General Compliance, extending penalty relief for the 2022, 2023, and 2024 calendar years in situations where a withholding agent withholds and reports on Forms 1042 and 1042-S by September 15 of the applicable year.

  • QI Agreement renewal link available

    February 15, 2023

    After some initial teething problems, the link for QIs to renew their QI Agreements as per Rev. Proc. 2022-43 is […]

  • QI Agreement Renewal Link and Due Date Extension

    January 23, 2023

    The IRS is extending the deadline for QIs to renew their QI Agreement to May 1st 2023. The renewal link is not yet available in the QI Portal for some QIs due to a technical problem, but the IRS are aware of the problem and are working to fix it.

  • IRS issues additional guidance on 1446(f)

    December 22, 2022

    The IRS has issued additional guidance relating to transfers of PTP interests under Section 1446(f). Notice 2023-08 describes the IRS […]

  • IRS issues new QI Agreement 2023

    December 22, 2022

    The long awaited new QI Agreement has been published by the IRS. Revenue Procedure 2022-43 will come into effect on […]

  • Understanding Forms 1042 and 1042-S webinars now available on the IRS Video Portal

    November 2, 2022

    Throughout August and September, the IRS hosted a series of live webinars containing important information for tax practitioners and withholding agent about 1042-S and 1042 reporting. Recordings of these webinars are now available online.

  • IRS updates to the QI/WP/WT FAQ page

    October 14, 2022

    The IRS has updated its FAQ page for Qualified Intermediaries, Withholding Partnerships and Withholding Trusts. The FAQs that have been […]

  • FATCA Registrations: Sponsoring Entities with no Registered Sponsored Entities

    October 11, 2022

    The IRS has identified Sponsoring Entities that do not appear to have Sponsored Entities registered in the FATCA Registration System. […]

  • New sign in options for the QI Portal

    October 4, 2022

    The IRS is updating its login procedures on a number of online applications. They will soon transition the QI Portal to a new sign-in system that requires new users to register or sign in with ID.me.

  • Upcoming IRS Webinar: Understanding Form 1042-S

    September 9, 2022

    The IRS will be hosting a live webinar with important information for tax practitioners and withholding agents, discussing: Overview of […]

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