April 11, 2006 - Industry Directive on Qualified Intermediary Audit Reports for Audit Years After 2004
Qualified Intermediary Procedures
Revenue Procedure 2000-12 contains guidance for entering into a qualified intermediary (QI) withholding agreement. See Announcement 2000-48 for additional information regarding the QI withholding agreement. For guidance regarding certain transitional relief for QIs and other withholding agents, as well as a clarification of the use of the term know-your-customer, see Notice 2001-4 and Notice 2002-66.
See Notice 2001-43 for extensions of the deadlines for QI applications and additional transitional rules.
See Rev. Proc. 2002-55 for Final Audit Guidance for External Auditors of Qualified Intermediaries.
See Revenue Procedure 2003-64 for guidance on entering into a withholding foreign partnership or trust agreement.
For further information about Qualified Intermediaries, see Frequently Asked Questions.