On September 23, 2014, the IRS published revisions to the QI agreement contained in Rev. Proc. 2014-39. Changes include extension of documentation validity for PAI agreements and accounts documented under Rev. Proc. 2003-64 (joint account provision) on June 30, 2014 until December 31, 2014, and extending the exemption from 1099 reporting (and backup withholding) to Model 1 IGA FFIs.

• pdf Revsied QI Agreement (09-23-2014) (74 KB)