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IRS delaying manual email notifications for FATCA IDES transmissions

Due to system error, manual IDES confirmations will be sent during second week of September

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September 12, 2024

The U.S. tax authority (IRS) on September 4, 2024, announced that it is delaying manual email notifications for FATCA International Data Exchange Service (IDES) transmissions due to system issues. The IRS initially announced it was manually confirming transmissions in July 2024. Due to the system error, manual IDES confirmations will be sent during the second week of September.

The IRS also reminded users that are encountering “Failed Decompression – Decompression Failed” or “Failed Signature Check – Invalid Digital Signature” errors on their IDES transmissions to confirm that their certificate is uploaded and current on the IDES enrollment website.

Read a September 2024 report prepared by KPMG LLP

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