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IRS Launches International Data Exchange Service

January 16th, 2015

This week the IRS announced the opening of the International Data Exchange Service(IDES) for enrollment.

Financial institutions and host country tax authorities will use IDES to securely send information reports on financial accounts held by U.S. persons to the IRS under the Foreign Account Tax Compliance Act (FATCA) or pursuant to the terms of an intergovernmental agreement (IGA).

Please click on this link for more information:
http://www.irs.gov/uac/Newsroom/IRS-Launches-International-Data-Exchange-Service-FATCA