2020 QI Deadlines
- January 31: Form 1099 (client copy)
- February 15: Form 1099-B (client copy)
- March 16: Form 1042-S (client/counterparty copy)
- March 16: Form 1042-S (IRS, electronically) – deadline extension to April 15 by timely filing Form 8809
- March 16: Form 1042 (IRS, paper) – deadline extension to September 15 by timely filing Form 7004
- March 31: Form 1099 (IRS, electronically) – deadline extension to April 30 by timely filing Form 8809
- July 1: Periodic Certification, including a Periodic Review or waiver, for QIs that have a certification period ending on December 31, 2019 (e.g., 2017 to 2019)
Our Services
The QI Solutions group assists financial institutions with FATCA, QI and CRS compliance. Our services include:
- External QI reviewer, assistance for internal QI reviewers, assistance with QI Review sample plan and requesting a waiver of the QI Review;
- Assistance with compiling and submitting RO certifications for QI and FATCA;
- Assistance with QI Reporting and electronic filing of Forms 1042-S and 1099 to the IRS via the IRS FIRE platform; and
- Bespoke FATCA, QI and CRS training programs.