ALERT: QI (including QDD), WP, WT Application Deadline for 2024

Internal Revenue Service (IRS) sent this bulletin at 07/30/2024 02:07 PM EDT

Bookmark and Share

IRS.gov Banner
Qualified Intermediaries News July 30, 2024

Useful Links

IRS.gov

Qualified Intermediary Home

FATCA Home

Other Useful Links

About Form 1042

Form 1042 Modernized e-File (MeF)

About Form 1042-S

Form 1042-S Data Integrity
Tool

IRS Guidance

Issue Number:    2024-20

ALERT: QI (including QDD), WP, WT Application Deadline for 2024

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 2024 year.

All applicants that want to have an agreement in effect for 2024 must submit their applications through the Qualified Intermediary, Withholding Foreign Partnership, Withholding Foreign Trust Application & Account Management System (QAAMS) no later than September 30, 2024 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 September 30, 2024 will not be processed. Prospective applicants, unable to submit an application before the September 30, 2024 deadline, should wait until January 1, 2025 to submit the application for the 2025 year.

Back to Top

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.