IIAC Comments on Proposed Basis Reporting Regulations [PDF] IIAC QI Committee Comments on US 2010 Revenue Proposals [PDF] MRI 4.10.21 – U.S. Withholding Agent Examinations – Form 1042 (T. Larsen, N. Marino, L. Seen – IRS) [PDF] IIAC Comments on the W-8BEN Project and Instructions [PDF] Health Checks and Remediation – Preparing for the Audit (R. Cardinal and S. Seger, Burt, Staples – Maner LLP) [PDF] IIAC asks u.S. IRS to make changes to IRS-eligible intermediaries identification requirements [PDF] IIAC commented on proposals for reports under internal income code S.6045 [PDF] IIAC recommends changes to the IR on the amended proposal IRS 1042-S [PDF] IIAC] IIAC asks U.S. Senate Finance Committee to give Treasury the authority to unload the information base [PDF] Member Advisory on U.S. Internal Revenue Sevice (IRS) Certification procedure for self-tendering before [PDF] A Withholding Agent`s Obligation : Right it right (Mr Michelman, Deloitte Tax LLP); T.
Coppinger, Deloitte Tax LLP) [PDF] . Qualified Interception Agreement and Application Procedures [PDF] Acceptable Institutions and Acceptable Counterparties Listing (choose the Bulletin with the latest list) [HTML] The current and future landscape of qualified intermediaries in the United States -19/11/2008 [PDF] A Qualified Intermediary (QI) is a party that enters into an IQ agreement with the United States. Internal Revenue Service (IRS) and assumes certain documentary tasks in exchange for simplified information reports on its foreign account holders and the possibility of not disclosing the account holder`s proprietary information to a retainer who may be a competitor. In addition, an IQ may decide to assume the non-primary residents (NRAs) who respect responsibility and are held responsible for the U.S. conservation and reporting obligations, in accordance with Chapter 3 of the Internal Income Code. In Canada, IQs who choose to process the source levy themselves (often referred to as source QIs) receive payments full of interest, dividends and other rights; deduct the appropriate tax on payments they make to actual beneficiaries; and transfer the withheld tax to the IRS. This website contains links to information of interest to IIAC members. IIAC Submission to the U.S. Ways and Means Committee on the Foreign Tax Compliance Act of 2009 [PDF] Investment Dealers Association of Canada FAQs [HTML] IIAC Submission to the IRS on Announcement 2008-98: Proposed Amendments to QI Agreement and Audit Guidance [PDF] IIAC Submission to the IRS on Notice 2009-17: Information Reporting of Customer`s Base in Securities Transactions [PDF] IIAC writes DTC on Section 302 Withholding Procedure [PDF] Withholding foreigners and foreign companies for withholding in 2008 (publication 515 (3/2008) [HTML] IIAC Comments on proposed IRS rules regarding procedures for selected distributions [PDF IIAC] Comments in the United States.