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Qualified Intermediary Agreement SECTION 1. PURPOSE

Qualified Intermediary Agreement Revenue Procedure 2017-15 SECTION 1. PURPOSE .01 In General. This Revenue Procedure sets forth the final Qualified Intermediary (QI) withholding Agreement (QI Agreement ) entered into under (e)(5).1 In general, the QI Agreement allows foreign persons to enter into an Agreement with the Internal Revenue Service (IRS) to simplify their obligations as withholding agents under chapters 3 and 4 and as payors under chapter 61 and SECTION 3406 for amounts paid to their account holders. The QI Agreement also allows certain foreign persons to enter into an Agreement with the IRS to act as Qualified derivatives dealers (QDDs) and to assume primary withholding and reporting responsibilities on all dividend equivalent payments that they make..02 withholding Foreign Partnership and withholding Foreign Trust Agreements.

.03 Backup Withholding under Section 3406 and Reporting on Payments to Certain U.S. Persons under Chapter 61. Under sections 6041, 6042, 6045, 6049, and 6050N (chapter 61 or the Form 1099 reporting provisions), payors of interest, dividends,

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Transcription of Qualified Intermediary Agreement SECTION 1. PURPOSE

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