IRS announces all QI / WP / WT applications for 2024 must be submitted by September 30
Applications submitted after September 30, 2024, will not be processed.
Applications submitted after September 30, 2024, will not be processed.
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 2024 year must be submitted through the QI, WP, WT application and account management system (QAAMS) no later than September 30, 2024, to allow sufficient time for processing by year end.
Applications submitted after September 30, 2024, will not be processed. Prospective applicants unable to submit an application before the September 30, 2024 deadline, must wait until January 1, 2025, to submit the application for the 2025 year.
Read the IRS transmittal message (July 30, 2024)
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained 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 3712, 1801 K Street NW, Washington, DC 20006.