Withholding Partnership/Withholding Trust Audit Plan Submission
Provides a pro forma Audit Plan Submission as encouraged by Sec. 8.05 of the Withholding Partnership/Withholding Trust Agreement, for those entities subject to a year-end External Audit Report. This information is due June 30, prior to the year-end date of the External Audit Report.
Qualified Intermediary Frequently Asked Questions
The QI FAQs have been updated to add Section X. Obtaining Forms W-8 Online and Section XI. Internal Audit Waiver. Also, Answer 4 to Question 4 of Section III, Know-Your-Customer Rules has been modified.
U.S. Withholding Agent Frequently Asked Questions
Contain questions and answeres which were prepared in response to inquiries that have been proposed to the IRS by U.S. withholding agents, major corporations and multi-national companies outside of the financial service community.
Notice 2006-99
Provides guidance on withholding and information reporting on foreign persons and includes guidance on certain book-entry systems in foreign countries.
Revision Relating to Withholding of Tax on Certain US Source Income Paid to Foreign Persons and Revisions of Information Reporting Regulations
This document contains amendments to final regulations relating to the withholding of income tax under section 1441 and 1442 on certain US source income paid to foreign persons and related requirements governing collection, deposit, refunds, and credits withheld amounts under 1461 through 1463.
Alert on QI Identity Theft
The IRS is warning non-resident aliens and financial institutions servicing non-resident’s monetary accounts of an identity-theft scam using a bogus IRS letter and Form W-8BEN.
Qualified Intermediary
A qualified intermediary (QI) is any foreign intermediary (or foreign branch of a U.S. intermediary) that has entered into a qualified intermediary withholding agreement with the IRS.
Qualified Intermediary Application and Agreement
Provides U.S. and foreign withholding agents with the latest information about qualified intermediaries, including the QI agreement.
List of Approved KYC Rules
Provides a list of countries that have submitted KYC rules and whether those rules have been approved. It also provides links to Country Specific Attachments.
Payments to Qualified Intermediaries
Generally, a QI is any foreign intermediary that has entered into a QI withholding agreement with the IRS.
Foreign Intermediaries
An intermediary is a custodian, broker, nominee, or any other person that acts as an agent for another person.
Payments Made to Foreign Intermediaries and Foreign Flow-Through Entities
This page has information about payments made to a foreign intermediary or foreign flow-through entity.
Withholding Agent
A page that includes a description of a Withholding Agent.
Notice 2001-4 - Foreign Source Income, for Services Performed Outside the United States Is Paid By a U.S. Payor
"Certain issues have arisen regarding the implementation of the new withholding and reporting regulations (TD 8734, I.R.B. 5, and TD 8881, 2000-23 I.R.B. 1158) and the qualified intermediary agreement contained in Rev. Proc. 2000-12 (2000-4 I.R.B. 387).
Ten most common errors for completing the Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding
The IRS has assembled for withholding agents the ten most common errors made during the processing of Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, in an attempt to ensure the integrity, accuracy and completeness of the Forms 1042-S that are submitted.
Income Tax Treaties
The complete texts of income tax treaties are available in Adobe PDF format.
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