The US Internal Revenue Service published Notice 2016-42, which proposes the terms of a new Qualified Intermediary Agreement. The proposed QI Agreement builds upon Rev. Proc. 2014-38, which contains the terms of the Qualified Intermediary Agreement currently in effect. The modifications contained in the proposed QI Agreement, while not numerous, are significant. This Legal Update discusses several important modifications to the current QI Agreement that are included in the proposed QI Agreement.
Stay up-to-date on our perspectivesSubscribe to Email