This introductory course, presented by the Tax Compliance Toolkit, is your one-stop shop for all matters related to the meaning behind what it means for a financial institution to become a Qualified Intermediary (QI). Qualified Intermediary Agreements are agreements that financial intermediaries can enter into with the Internal Revenue Services (IRS) to reap certain benefits. These benefits, however, are intertwined with large operational and administrative burdens, most of which can be very complex.

Furthermore, it is often the case the intermediaries are unaware of said operational tasks, and this is where we are educating the market.

This training course starts with an overview of the QI Application Process. We will look at the preparatory steps as well an overview of initial requirements. The course progresses with an in-depth discussion of the three main steps in the application process: Determination of eligibility; preparation and submission. We then present an overview of the firms' responsibilities post submission.

By the end of this training course, you will be equipped with the foundational knowledge to use within your organization when wanting to apply to become a QI.

We hope you enjoy the course content as much as we did in preparation of the material. Feel free to engage with the content as best as you can reach out to us directly for further assistance.