*Updated* FATCA News and Information

Internal Revenue Service (IRS) sent this bulletin at 04/15/2015 03:44 PM EDT

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FATCA News & Information April 15, 2015

 

 

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Issue Number:  2015-16

Inside This Issue


  1. New! FATCA IDES Testing Window
1.  New!  FATCA IDES Testing Window

The FATCA International Data Exchange Service (IDES) will be open for testing from Monday, April 20 at 12:00 PM EDT to Friday, April 24 at 12:00 PM EDT to all financial institutions and tax administrations that have completed IDES enrollment by Thursday, April 16, 2015 at 5:00 PM EDT. In order to complete the enrollment process, you will need an IRS-issued GIIN or HCTA Entity ID, a username, and a valid digital certificate.  IDES does not accept wildcard certificates. Visit the FATCA IDES web page for a list of recommended certificates authorities. Enrolled users will receive an email with a link to the IDES test web application on Monday April 20, 2015.

Note:  The test files must be submitted to the test link and must contain ONLY test data. Test data must ONLY be submitted to the test system and never to the production system. 

Before you begin testing
- Review the user guides, data preparation instructions and sample test packet.
- Review sample code for data preparation utilities using .Net, Java and OpenSSL on GitHub.
- Configure alert and notification preferences on the IDES Enrollment site.
- Configure your e-mail system to accept e-mails from the idesgateway.com domain.
- Review IDES data preparation user tips.

Guidelines for data packets and transmissions
- Follow the guidelines for recommended file names. File names are case sensitive and any variation in name, extension, characters or format may cause a transmission failure.  Additional details can be found in the IDES User Guide (Rev 4-2015).
- Use test data only. The test files should not contain any production data or personally identifiable information, such as the taxpayer number, account number, or social security number.

Assistance during testing
- If you need assistance with enrollment, contact the IDES Help Desk.
- If you need additional information about Data Preparation or other aspects of FATCA reporting please visit the IRS FATCA website.
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