IRS announces all QI / WP / WT applications for 2023 must be submitted through QAAMS by October 27

QI / WP / WT applications for 2023 must be submitted through QAAMS no later than October 27, 2023, to allow sufficient time for processing by year end

IRS announces all QI / WP / WT applications for 2023 must be submitted through QAAMS

The IRS today announced that all qualified intermediary (QI) (including qualified derivatives dealer), withholding foreign partnership (WP), and withholding foreign trust (WT) applications for the 2023 year must be submitted through the QI, WP, WT application and account management system (QAAMS) no later than October 27, 2023, to allow sufficient time for processing by year end.

Applications submitted after October 27, 2023 will not be processed.

Prospective applicants unable to submit an application before the October 27, 2023 deadline, must wait until January 1, 2024 to submit the application for the 2024 year.

Read the IRS release (September 7, 2023)

 

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