ALERT: QI (including QDD), WP, WT Application Deadline for 2023

Internal Revenue Service (IRS) sent this bulletin at 09/07/2023 05:24 PM EDT

Qualified Intermediaries News

September 7, 2023

Corporations Topics

LB&I At-a-Glance

LBI Directive De-coordinating All Issue Papers

Industry Director Guidance

Code, Regs., IRB

IRS Resources

Contact My Local Office

Filing Options

Forms & Instructions

Frequently Asked Questions

News

Taxpayer Advocate Service

Where to File

Issue Number: 2023-13

ALERT: QI (including QDD), WP, WT Application Deadline for 2023

This Alert provides the deadline for all Qualified Intermediary (QI) (including Qualified Derivatives Dealer), Withholding Foreign Partnership (WP) and Withholding Foreign Trust (WT) applications for the 2023 year.

All applicants that want to have an agreement in effect for 2023 must submit their applications through the Qualified Intermediary, Withholding Foreign Partnership, Withholding Foreign Trust Application & Account Management System (QAAMS) no later than October 27, 2023 to allow sufficient time for processing by year end. If required for chapter 4 purposes, applicants must have obtained a GIIN prior to submitting their applications. See section 2.22 of the QI Agreement in Rev. Proc. 2022-43, or section 12.01(a) of the WP or WT Agreement in Rev. Proc. 2017-21 for the effective date of an agreement for a new applicant.

Please note that applications submitted after October 27, 2023 will not be processed. Prospective applicants, unable to submit an application before the October 27, 2023 deadline, should wait until January 1, 2024 to submit the application for the 2024 year.

Thank you for subscribing to the Qualified Intermediaries e-mail list, an IRS e-mail service.

If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe.

This message was distributed automatically from the Qualified Intermediaries mailing list. Please Do Not Reply To This Message.

To subscribe to or unsubscribe from another list, please go to the Main Subscription Page on the IRS.gov web site.

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com.

This service is provided to you at no charge by the Internal Revenue Service (IRS).