Federal Register #2026-22892

IRS Seeks Public Comments on QI, WP, and WT Application System Information-Collection Burden

The Internal Revenue Service is seeking public comments on the estimated burden of its QI, WP, and WT application and account management system. - Buyer: Internal Revenue Service (IRS), U.S. Department of the Treasury. - Purpose: Request for public comments on the information collection used by entities to apply for, renew, or terminate Qualified Intermediary (QI), Withholding Foreign Partnership (WP), or Withholding Foreign Trust (WT) status through the QI, WP, and WT Application and Account Management System (QAAMS). - Collection details: Form 14345; OMB Control Number 1545-1597. The notice proposes extending the existing collection without changes. - Estimated burden: 1,097,991 respondents, 16 minutes per respondent, and 301,018 total annual burden hours. - OEMs, vendors, products, and procurement services: None identified; this is a public-comment notice, not a procurement request.

Description

The IRS is requesting public comments on the burden associated with the Qualified Intermediary (QI), Withholding Foreign Partnership (WP), and Withholding Foreign Trust (WT) Application and Account Management System. The system allows entities to apply, renew, or terminate their status as a QI, WP, or WT. This notice concerns an extension of a currently approved information collection, with no changes to the previously approved collection. Written comments are due by January 11, 2027.

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