QI/WP/WT agreement renewals, IRS final reminder of 31 March deadline
The IRS issued a final reminder of the approaching 31 March 2017 deadline for renewing all qualified intermediary (QI), withholding foreign partnerships (WP) and withholding foreign trust (WT) agreements. All QI/WP/WT agreements in effect prior to 1 January 2017 must be renewed by 31 March 2017 to continue in effect without interruption.
The IRS release (PDF | 52KB) includes a statement that all renewals must be completed and submitted using the new QI/WP/WT account management system. Also, all renewing QI/WP/WT applicants must review the system user guide and FAQs on the QI website before proceeding.
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