An IQ may comply with the provisions of Sections 4 and 4A of the old IQ agreement (as in the 2002-2012 revenue procedure, 2000-1 C.B 387 (as published in the amended version) continue to apply to an IAP, partnership or trust to which it applied the option of a joint account or agency until January 1, 2015 , provided that IQ has reached an agreement with this organization by June 30, 2015. , 2014, in accordance with the provisions of the previous IQ agreement. 2018 follows the first three-year certification period since the renewal of qi agreements in 2014 with the creation of FATCA. The IQ enters into a written agreement with the subject in which IQ transfers the assets transferred to the purchaser and transfers the replacement property to the subject in accordance with the exchange agreement. The IQ holds the proceeds from the sale of the abandoned property in a trust or receiver account to ensure that the taxpayer never receives the proceeds of the sale, either effectively or constructively. Section 1.02 of the 2014-39 Revenue Procedure provides that a Central BANK issuing an IQ agreement can reach an agreement. A central bank issuing it is not obliged to register on the registration portal, in order to obtain participating FFI or FFI status (as described in sections 1.02 and 3.02 of Revenue Procedure 2014-39), apply for or renew the IQ agreement by filing an application or renewal application with the Foreign Media Program under 3.01 of Procedure Revenue 2014-39. An exit central bank, described in the sentence above, which renews its IQ agreement on July 31, 2014 or before July 31, 2014, will have a qi agreement effective June 30, 2014. If this IQ continues after July 31, 2014, the effective date of the IQ agreement is the renewal date indicated in the IRS Authorization Notification. A central bank issuing that is not required to obtain participating FFI status or registered FFI status and which claims IQ status has entered into an IQ agreement with the date on which it issued an IQ-EIN. An IQ may apply the option of a joint account (section 4.05 of the revised IQ agreement) to a partnership or partnership or a fiduciary company that is a bearer-documented FFI or NFFE (with the exception of a WP or WT) that otherwise meets the requirements of Section 4.05 of the revised IQ agreement; An IAP or partnership or trust company to which an IQ applies the agency`s option (section 4.06 of the revised IQ agreement) may provide IQ with its documents and other information to include it in the periodic IQ review described in Section 10.04 of the revised IQ Agreement, rather than conducting the audit itself and confirming its compliance; This e-mail applies to certain companies that have applied for or concluded the revised Intermediation Agreement (IQ) published in the 2014-39 Income Procedure, 2014-29 I.R.B 151.
Section 1.03 of the 2014-39 Revenue Procedure provides that an IQ that submits an IQ status application before July 31, 2014 and is approved in calendar year 2014 is considered IQ no more than July 30, 2014, in accordance with the 2000-2012 revenue tax procedure (as amended). On June 30, 2014, the qi agreement for this IQ is effective January 1, 2014 and expires on June 30, 2014, expires June 30, 2014 and expires on June 30, 2014 at the expiry of June 30, 2014 and the expiry of June 30, 2014, the expiry of June 30, 2014 and the expiry of June 30, 2014. , 2014.