A11. In accordance with Section 4.05(A) (1) of the 2017 Qi Agreement, a qi is required to obtain certification from any trust partnership or trust that is the subject of joint account processing, demonstrating that the partnership or trust has maintained at any time, during the certification period, a status authorized in Chapter 4 of Chapter 4 under Section 4.05(A) (1) of the IQ agreement. In response to question D.3.a of Part I of the certification described in Schedule I of the 2017 qi agreement, a qi must certify that any partnership or position of trust to which the IQ applies the “common account” option has provided IQ with the certification described in the sentence above. To answer the D.3.a question of the first part of the certification described in Schedule I of the 2017 qi agreement, and to meet the requirement set out in Section 4.05 (A) (1) of the 2017 Qi Agreement to obtain eligible Chapter 4 status for the partnership or trust, an IQ may rely on a valid W-8IMY form on file (qi can claim Section 5.10 of the 2017 IQ Agreement) , instead of representing each partnership or trust company for each certification period. If an IQ is based on a W-8IMY form valid for the purposes described in the sentence above and the Chapter 4 status of a partnership or trust company was a non-participating FFI at any time during the certification period, the IQ must report the name of any partnership or confidence in its certification by downloading this information as an installation in accordance with the IQ instructions. WP and WT Application and Account Management System. A WP or WT may rely on this FAQ for the purposes of the similar application for Clause 9.01 (A) (1) of the WP and WT 2017 agreements and the certification described in the WP and WT 2017 agreements. Added: 05-25-2018 As mentioned in the IRS transmission message, Applicants who wish to have an agreement in force in 2020 must submit their applications through the Qualified Intermediary, Withholding Foreign Partnership, Withholding Foreign Trust Application – Account Management System (QAAMS) by November 24, 2020, in order to have sufficient time for processing before the end of the year. Applicants are also reminded that they must have received, if necessary, a Comprehensive Intermediate Identification Number (GIIN) prior to filing their applications.

Section 1.03 of the 2014-39 Revenue Procedure provides that an IQ that submits an IQ status application before July 31, 2014 and is approved in calendar year 2014 is considered IQ no more than July 30, 2014, in accordance with the 2000-2012 revenue tax procedure (as amended). On June 30, 2014, the qi agreement for this IQ is effective January 1, 2014 and expires on June 30, 2014, expires June 30, 2014 and expires on June 30, 2014 at the expiry of June 30, 2014 and the expiry of June 30, 2014, the expiry of June 30, 2014 and the expiry of June 30, 2014. , 2014. The IRS allows a company that applications for IQ status at any time during calendar year 2014, if such an application is approved by the IRS before the end of 2014, to act as an IQ agreement from January 1, 2014 to June 30, 2014, as if the IQ agreement were in effect during that period. Therefore, an IQ is not required to apply until July 31, 2014 to qualify for this retroactive premium (as described in Section 1.03 of the 2014-39 revenue procedure). In its letter of approval to an IQ, the IRS will outline how this IQ can inform the IRS that it will act as an IQ for the full 2014 calendar year. See also IRS Qualified Intermediaries News, Issue Number 2014-03, which is completed and amended by this edition. (3) Answer “NA” when the applicant is not required to submit the form for all tax years covered by the IQ, WP or WT agreement. Added: 03-31-2017 Under the prior notice of the IQs, an IQ could, in these cases, be based on a right to contractual benefits by obtaining certain additional documents, without referring to the question of whether the IQ had a permanent residence address for the account holder in the jurisdiction for which contractual benefits were sought.