IRS updates FATCA XML schema, will test IDES

IRS updates FATCA XML schema, will test IDES

The IRS today announced an updated FATCA Notification XML Schema v2.3 includes new file and record level error notification codes for “nil reports” and FATCA XML Schema v2.0.

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According to the IRS release, the International Data Exchange Service (IDES) test environment will only accept FATCA Notification XML Schema v2.3 (effective in January 2017). 

The IRS release also reports there will be testing of the IDES beginning December 19, 2016, to January 30, 2017. The test session will be open to users that have completed IDES enrollment by Thursday, December 15, 2016, at 5:00 PM EST. 

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