The IRS today announced the following FATCA-related developments: (1) FATCA XML schema prohibited characters - There is an error in the FATCA XML schema best practices webpage related to the inclusion of entity references in FATCA XML documents, and instructions on how to prevent file error notifications are provided; (2) IDES technical FAQs - Several FATCA International Data Exchange Service (IDES) “frequently asked questions” (FAQs) have been added, with a focus on IDES technical issues such as data transmission and security.
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