The IRS issued Revenue Procedure 2014-39, updating previous guidance for entering into a qualified intermediary (QI) withholding agreement with the IRS under Treas. Reg. § 1.1441-1(e)(5) to reflect the enactment of FATCA and the related regulations under chapters 3, 4 and 61, and section 3406 of the Internal Revenue Code.  The revenue procedure includes revised QI agreement provisions that apply to any QI agreement with an effective date on or after June 30, 2014.  The revenue procedure also provides new procedures for prospective and existing QIs to obtain a chapter 4 FATCA status and apply for a new or renewed QI agreement.