KPMG report: Proposed changes to qualified intermediary (QI) agreement

A KPMG report that provides analysis and observations of proposed changes to QI agreement

A KPMG report that provides analysis and observations of proposed changes to QI agreement

The IRS on May 3, 2022, released an advance version of Notice 2022-23 [PDF 291 KB] that sets forth the proposed changes to the qualified intermediary (QI) agreement described in Reg. section 1.1441-1(e)(5) and (6). 

The proposed changes will permit a QI to act in that capacity when receiving certain amounts from a publicly traded partnership (PTP) that are subject to withholding under sections 1446(a) and (f).

Read a May 2022 report [PDF 361 KB] (10 pages) prepared by KPMG LLP that provides analysis and observations of the proposed changes to the QI agreement

 

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