Obligations of a Non-Qualified Intermediary

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 be considered a Nonqualified Intermediary (NQI). Nonqualified 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 NQI regulatory context as well as the various ‘languages’ that need to be learnt along the way. The course progresses with an in-depth comparison of the various obligations Non-Qualified and Qualified Intermediary Status.

We will then look at the two types of NQIs: Disclosing NQIs and Non-Disclosing NQIs.

We then present an overview of the associated reporting as well as a Summary and Quiz to end off the course.

By the end of this training course, you will be equipped with the foundational knowledge to use in your respective organizations by bringing a very niche knowledge base.

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.