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  • QI Agreement Renewal Link and Due Date Extension

    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)

    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

    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

    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

    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

    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

    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

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

  • QI, WP, WT Application Deadline for 2022

    If you want to apply to become a Qualified Intermediary (QI), Withholding Partnership (WP) or Withholding Trust (WT) in 2022, you must submit your application no later than 30th September 2022.

  • Changes to the TCC application and renewal process

    The IRS is launching a new process for financial institutions who need to apply for a Transmitter Control Code (TCC) to use the FIRE Portal to submit their 1042-S Information Returns electronically.  If you received your Transmitter Control Code before 26th September 2021, you must take action.

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