FATCA: IDES data preparation guidance, updated FAQs

FATCA: IDES data preparation guidance, updated FAQs

The IRS today issued a transmittal message announcing that in response to requests to expand technical solutions for International Data Exchange Services (IDES) data preparation, the IRS has developed a Unix version.

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Today’s IRS release explains that an example is available that shows how to create an IDES data packet and decrypt a notification. 


The IRS also reported that several FATCA IDES technical frequently asked questions (FAQs) have been added and updated. These updated FAQs focused on IDES technical issues such as data preparation, alerts, testing, and security.

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