Examples of Sponsoring entity in a sentence
For example, as a Participating Foreign Financial Institution, a Sponsoring entity of a Sponsored Foreign Financial Institution or trustee of a Trustee- Documented Trust (see page 39 of the IRS’s updated user guide for all possible options).
A withholding agent may treat the payee of a withholdable payment as a NFFE that is a QI, WP, orWT if the withholding agent can reliably associate the payment with valid documentation to determine the payee’s status as such under the rules of§ 1.1471–3(b)(3) and (d).* * * * *(f) Sponsoring entity verification.[Reserved](g) Sponsoring entity event of default.[Reserved](h) Effective/applicability date.
A sponsoring entity or sponsored FFI may request, within 90 days of a notice of default or notice of termination, reconsideration of the notice of default or notice of ter- mination by written request to the IRS.(v) Sponsoring entity of sponsored FFIs subject to a Model 2 IGA.
This is the agreement that a designee (Application Counselor Sponsoring Entity) will be required to execute upon designation as an Application Counselor Sponsoring entity.
Mr. Calero clarified that the staff is asking the Committee to: 1) review and approve the new DCA Sponsoring entity form to replace the Committee’s Sponsoring entity form due to the decision that was made by the DCA’s LAO to use DCA’s standardized form, and 2) approve a resolution authorizing the DCA to process the forms since the Committee will not be processing the forms.