US | Changes to QI withholding agreement rules expand QI withholding and reporting responsibilities
The United States (US) Internal Revenue Service (IRS) has published changes (Notice 2022-23) to the qualified intermediary (QI) withholding agreement rules that will allow a QI to assume withholding and reporting responsibilities for purposes of Internal Revenue Code (IRC) Sections 1446(a) and (f). Generally, these changes would apply to a QI that sells an interest in a publicly traded partnership…
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