FATCA 8966 Report Software

Foreign Account Transfer Compliance Act Report

Our 8966 software lets you key in information as you would type on the form itself. Print on plain paper with black ink or convert to PDF. Create the XML payload file for electronic filing according to IRS version 2. Our FREE IDES Packager will create the metadata file, validate the XML, sign, encrypt, rename and package your XML file so that you can upload the resulting zip file to IDES for FATCA reporting.

Our 8966 software will prepare new, corrected, void, test and amended data files for current or prior years.

Or outsource the project to us and we can efile on your behalf using account with IDES. Our experienced staff can electronically file a nil report for just $99. Call our sales office at (480) 706-6474 for a quote to file original or corrected data for current and/or prior years. We can typically efile 0-2 days after we receive your data. We will send you a PDF for you to review before efiling. Upon your approval, we will electronically file and then forward the receipt we receive from IDES to you for you records.

Our 8966 software and IDES packager is used worldwide by foreign financials institutions (FFI), sponsored entities or intermediaries.

Form 8966 Due Date and Time Extension

IRS Form 8966 is due by March 31st of the year following the reporting calendar year. However, financial institutions can apply for and receive an automatic 90-day extension of time to file Form 8966. This gives them until June 30th to efile. The IRS granted relief the first few years and gave FFI's until June 30th to efile and many clients still view June 30th as the due date. You can formally request a time extension by mailing to the IRS a paper Form 8809-I to the address:

Internal Revenue Service
FATCA, Stop 6052 AUSC
3651 South 1H 35
Austin, Texas 78741

This is no online option to request a time extension at this time.

FATCA 8966 XML Filing via the IDES Gateway

FATCA 8966 software can create the IRS XML file format for electronic filing. The software also includes a FREE proprietary IDES encryption or packaging tool shown below:



Create the XML using the 8966 software. Validate the XML against current IRS schema using the IDES packager. Then encrypt the XML file with your digital certificate and then upload to the IDES Gateway.

Service Bureau... What is FATCA? What is IDES?

FATCA stands for Foreign Account Transfer Compliance Act. It was enacted in 2010 and requires the yearly reporting of US citizens non-US financial accounts. IRS Form 8966 is the FATCA report and the form that non-US financial institutions (or FFIs) fill out to report the identity and assets of such US citizens to the US Department of Treasury. The law is used to detect assets, rather than income. With Form 8966, the US collects and stores information including total asset value and the social security number.

IDES stands for International Data Exchange Service. IDES ( https://www.ides-support.com/) is a file transfer service developed by the IRS to accept Form 8966 FATCA reporting. The IDES system only accepts encyrpted XML files. A filer must have:

1. Either a GIIN or a FIN,
2. A valid email address
3. An authorized digital certificate to enroll with the IDES platform.

The FIN or FATCA Identification Number takes about 3 days to attain but the digital certificate from one of the IRS approved certificate authorities (CA) takes anywhere from 2-4 weeks to attain.

FATCA and IDES are still relatively new. If you have questions, call us and we can help. We can efile Form 8966 on your behalf and encrypt using our digital certificate.

Stay compliant, reduce administrative costs and know that the job will get done right.

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