What is a difference between warnings of the International Data Exchange Service (IDES) and notifications of the International Conformance Management Model (ICMM)?

published 31 August 2021 at 12:14 Chapter: News

Answer:

IDES issues E-mail notifications via unsecured E-mail in plain text which contain information about transmission processing in the IDES system.

ICMM notifications is a “transfer” file archive that contains encrypted documents sent from the US Internal Revenue Service (IRS) to a foreign financial institution (FFI) or the competent tax authority of a participating country (HCTA) in response to the FATCA Report submitted according to the Intergovernmental Model the XML FATCA.

Reminder! Today is the last acceptance day for FATCA reporting.

Communicate with the State Tax Service remotely using the “InfoTAX” service