close
Share with your friends

IRS reminder: QI, WP, WT application deadline, November 16, 2018

IRS reminder: QI, WP, WT application deadline

The IRS today issued a reminder that all qualified intermediary (QI) (including qualified derivatives dealer (QDD)), withholding foreign partnership (WP), and withholding foreign trust (WT) must submit their applications for the 2018 year by the due date of November 16, 2018.

1000

Related content

As noted in the IRS transmittal message, all applicants that desire to have an agreement in effect in 2018 must submit their applications through the “Qualified Intermediary/Withholding Foreign Partnership/Withholding Foreign Trust Application & Account Management System” (QAAMS) no later than November 16, 2018, to allow sufficient time for processing by year-end.  

Applicants are also reminded that they must have obtained a global intermediary identification number (GIIN) prior to submitting their applications, if needed.  

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal