On October 3, 2022, the IRS announced that it will soon transition the Qualified Intermediary, Withholding Foreign Partnership, Withholding Foreign Trust Application and Account Management System (QAAMS) to a new sign-in system. The new system will require new users to register or sign-in with ID.me, the current IRS credential service provider.
At this time, existing users do not need to take any action. Until further notice, QAAMs users with an active IRS username may continue to sign-in after the transition. New users will be required to create an ID.me account prior to accessing QAAMS. As part of the account creation process, the user will need to verify an email address, create a password, and set-up multi-factor authentication in order to secure an account.
Click here to read the full announcement:
https://content.govdelivery.com/accounts/USIRS/bulletins/32fe614
Make sure to follow Comply Exchange for more industry updates and subscribe to the Comply Catch-up for a full industry round-up at the end of each month!