IRS releases updated qualified intermediary agreement

The IRS has released Rev. Proc. 2014-39, which includes an updated qualified intermediary (QI) agreement. The revenue procedure supersedes the QI agreement originally released as Rev. Proc. 2000-12.  Rev Proc. 2014-39  also outlines the application procedures and the requirements for qualified intermediary status under Chapters 3, 4, and 61 and Section 3406.

See: