Examples of WT Agreement in a sentence
The system will automate the Renewal of the Qualified Intermediary, Withholding Foreign Partnership or Withholding Foreign Trust (QI, WP, or WT) Agreement with the IRS.
Additionally, a Reporting FI requesting renewal of a QI, WP or WT Agreement is agreeing to the terms applicable to such renewed 2014 Model QI, WP, or WT Agreements.
An FI, including a Reporting FI under a Model 1 or 2 IGA, that is registering to renew its QI, WP, or WT Agreement will be agreeing to the terms of such renewed 2014 Model QI, WP, or WT Agreements.Reporting FIs under a Model 1 or 2 IGA: Most Reporting FIs under a Model 1 IGA are registering only to obtain a GIIN and to authorize one or more POCs to receive information related to FATCA registration on behalf of the FI.
An FI, including a Reporting FI under a Model 1 or Model 2 IGA, that is registering to renew its QI, WP, or WT Agreement will be agreeing to the terms of such renewed QI, WP, or WT Agreements.
WT’s establishment of, for financial statement purposes, a tax reserve or provision for a potential future tax liability related to WT’s failure to comply with the WT Agreement, including its FATCA requirements as a participating FFI, registered deemed-compliant FFI, or registered deemed-compliant Model 1 IGA FFI.
If WT made a pooled reporting election under section 6.02(D) of the WT Agreement, the aggregate amount reported by WT on Forms 1042-S as distributed to, or included in the distributive share of, WT’s chapter 3 reporting pools (including chapter 3 reporting pools of a partnership or trust to which WT applies the joint account or agency option) to the extent such amount is attributable to an amount paid to WT in the year under review.
Part 3 should only be completed by a Single FI, Lead FI or Member FI that has in effect a QI, WP, or WT Agreement and that wishes to renew its agreement.
Number of partnerships or trusts to which the joint account option of section 9.01 of the WT Agreement was applied (if applicable).
WT has established a compliance program that meets the requirements described in section 8.02(B) or 8.02(C) (if applicable) of the WT Agreement that is in effect as of the date of the certification and during the certification period.
Each partnership or trust to which WT applied the agency option has provided WT with a certification that it has maintained status as a certified deemed-compliant FFI, an owner- documented FFI with respect to WT, an NFFE, or an exempt beneficial owner as required under section 9.02(A)(2) of the WT Agreement.