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View all AlliancesHelping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.
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Learn moreQualified intermediary (QI), withholding foreign partnership (WP), and withholding foreign trust (WT) FAQs website
The IRS updated the “frequently asked questions” (FAQs)—in particular FAQ Q20—on the qualified intermediary (QI), withholding foreign partnership (WP), and withholding foreign trust (WT) FAQs website, under the heading “New Applications/2017 Renewals.”
A20. No. The IRS will treat the agreement as remaining in effect until Dec. 31, 2025. A WP or WT need not take any action provided it seeks to have its agreement remain in effect until Dec. 31, 2025.
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