The US IRS, on February 17, announced updates to the FATCA International Data Exchange Service (IDES) user guide, including a revised data preparation section and more instructions.
The IRS also said that an IDES sample test file has been added to the IDES Data File Preparation page and has scheduled a FATCA IDES open testing session for financial institutions and tax administrations.
The open testing session will be held February 18 at 2:00 a.m., EST, to February 20 at 5:00 p.m., EST, the IRS said. The testing session is open to financial institutions and tax administrations enrolled as IDES users prior to February 17 at 2:00 AM EST. Users must fully complete the enrollment process to be eligible to participate. Enrolled users will receive an email with a link to the IDES test web application on February 17.
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