User Guide - Internal Revenue Service
Contents
1. This data element is required for FATCA reporting If the reporting FI or tax administration transmitting the message does not have a complete first name for an Individual Account Holder it may use an initial here If the FI has no first name information for the Individual Account Holder it can input No First Name here Element Attribute Size Input Type Requirement FirstName xnlNameType xsd string Optional This attribute is not required for FATCA reporting and may be left blank Element Attribute Size Input Type Requirement MiddleName xsd string Optional This data element allows for the Individual s Middle Name The data is optional for FATCA reporting if the Reporting FI has a Middle Name or initial it may be included here Element Attribute Size Input Type Requirement MiddleName xnlINameType xsd string Null This attribute is not used for FATCA Element Attribute Size Input Type Requirement NamePrefix xsd string Null This data element is not required for FATCA and should be left blank Element Attribute Size Input Type Requirement NamePrefix xnlINameType xsd string Null This attribute is not used for FATCA Element Attribute Size Input Type Requirement LastName xsd string Validation This data element is required for2. Provide the name of any specified U S owners of an owner documented FI substantial US owners or controlling U S persons of a passive NFFE Mandatory field only if the entity account holder is an owner documented FI or passive NFFE with US owner s Leave blank if the entity is a nonparticipating FFI or a specified US person Multiple specified US persons substantial U S owners controlling persons are allowed Element Attribute Size Input Type Requirement AccountBalance sfa MonAmnt_ Type Validation Provide the account balance or value of the reported financial account Depository and custodial accounts The account balance is the average balance or value of the financial account if the financial institution reports average balance or value to the account holder for a calendar year If the reporting financial institution does not report the average balance or value of the account to the account holder the participating FFI shall report the balance or value of the account as of the end of the calendar year If account is closed or transferred in its entirety by an account holder during a calendar year report the amounts paid or credited to the account for the calendar year until the date of transfer or closure and the amount or value withdrawn or transferred from the account in connection with the closure or transfer For Model 1 IGA tax authorities the account balance or value shall be in acc
3. This data element identifies the date of birth of the Individual Account Holder and provides tax administrations with the choice of providing date of birth information in lieu of a TIN for the Account Holder in circumstances described in an applicable FATCA IGA The date of birth is left blank when if the tax administration has not received date of birth information from its financial institution or if a TIN is provided for the Account Holder The BirthDate element is used only when the message sender is another tax administration The data format is Y Y Y Y MM DD The three data elements below apply specifically to the place of birth none of them used for FATCA reporting and should be left blank Element Attribute Size Input Type Requirement City xsd string Null Element Attribute Size Input Type Requirement CitySubentity xsd string Null Element Attribute Size Input Type Requirement CountryInfo Null This data element gives a choice between a current country identified by 2 digit country code or a former country identified by name neither are used for FATCA reporting Element Attribute Size Input Type Requirement CountryCode 2 digit iso CountryCode Type Null Element Attribute Size Input Type Requirement FormerCountryName xsd string Null III OrganisationParty Type This complex type identifies the name of an Account Holder
4. I Message Header Information in the message header identifies the Financial Institution FI or Tax Administration that is sending the message It specifies when the message was created what calendar year the report is for and the nature of the report original corrected supplemental etc Element Attribute Size Input Type Requirement SendingCompanyIN Unlimited xsd string Mandatory If the message sender is an FI this data element will contain the sender s Global Intermediary Identifying Number GIIN If the message is sent by an agent or other service provider that is not acting as a Sponsoring Entity then the sending company IN is the GIIN of the FI that maintains the reported financial account or that makes the reported payment reporting FI not the GIIN of the agent or other service provider Entry of the GIIN is mandatory if sent from an FI the report will not be accepted if an FI fails to include its GIIN The GIIN is a 19 digit alphanumeric identifier and should be entered with appropriate punctuation period or decimal Example 98Q96B 00000 LE 250 Element Attribute Size Input Type Requirement TransmittingCountry 2 digits iso CountryCode Type Validation This data element identifies the jurisdiction where the reported financial account is maintained or where the reported payment is made by the reporting FI If the sender is a Tax Administration the trans
5. H 1 ftc CorrectablePoolReport Type Group that wraps the details For a Financial institution FATCA report Generated by XMLSpy 25 www altova com Account Holder ftc ReportingFl Reporting financial institution B TF Fatca Tvpe 7 H 1 Im ftc Individual i E ftc isation TH fte ReportingGroup H I fte Organisation c AcctHolderType densae 1 Group that wraps the details For a financial institution FATCA report ftc PoolReport Generated by XMLSpy 26 www altova com Substantial Owner ftc ReportingFl Reporting financial institution d ftc Sponsor i ftedntermediary B ftc DocSpec Fatca Type H Ftc AecountHolder ftc ReportingGroup E a Teo 1 fte AccountReport Group that wraps the details 0 5 For a financial institution FATCA report sfa Birthinfo E EE MEE EE EE oa EE EE EE LT EET COL LE Generated by XMLSpy 27 www altova com Sponsor amp Intermediary anis V sfaResCountryCode ftc ReportingFI 7 Reporting financial institution Fatca Type 7 ftc Sponsor E dd ftc ReportingGroup ee od 1 00 Group that wraps the details For a financial institution report fte Intermediary
6. Element Attribute Size Input Type Requirement Street xsd string Optional Element Attribute Size Input Type Requirement BuildingIdentifier xsd string Optional Element Attribute Size Input Type Requirement SuiteIdentifier xsd string Optional Element Attribute Size Input Type Requirement Floorldentifier xsd string Optional Element Attribute Size Input Type Requirement DistrictName xsd string Optional Element Attribute Size Input Type Requirement POB xsd string Optional Element Attribute Size Input Type Requirement PostCode xsd string Optional Element Attribute Size Input Type Requirement City xsd string Validation Element Attribute Size Input Type Requirement CountrySubentity xsd string Optional The above data elements comprise the AddressFix type The City data element is required for schema validation For FATCA reporting the PostCode and CountrySubentity should also be entered in the appropriate data elements Information pertaining to the account holder s street address may be entered here or in the AddressFree data element Nationality Element Attribute Size Input Type Requirement Nationality 2 digit iso CountryCode_Type Null This data element is not required for FATCA and should be left blank BirthInfo Element Attribute Size Input Type Requirement BirthDate xsd date Optional
7. information this message contains and the legal framework under which it is given FATCA OECD All necessary contact information about persons responsible For and involyed in the processing oF technically Free text as this is moat intended Far autamatic processing 7sfa MessageRefld Sender s unique identifier For this message The reporting year For which information is transmitted in documents af the current message 7sfa Timestamp the data transmitted in this ftc MessageSpec C E message both legally and Generated by XMLSpy 21 www altova com Reporting FI fte MessageSpec FATCA OECD FJ ftc ReportingFl 5 4 sfa Address EH ftc DocSpec H fte ReportingGroup E Generated by XMLSpy 22 www altova com Reporting Group ftc MessageSpec FATCA OECD Ej T ftc ReportingFl 4 fte Sponsor H fte Intermediary _feReportingsroup_El Eb L5 aceountReport B fte PoolReport Generated by XMLSpy 23 www altova com Account Report ftc ReportingFl Reporting Financial institution Fatca Type 1 00 Group that wraps the details For a financial institution FATCA repart Generated by XMLSpy 24 www altova com Pool Report ftc ReportingFl Reporting financial institution Fatca Type H E ftc ReportingGroup E d
8. FatcaAcctPoolReportType_ EnumType Validation This data element describes the type of status of the account holders or payees that are described within the pooled report The allowable entries are FATCA201 Recalcitrant account holders with US Indicia FATCA202 Recalcitrant account holders without US Indicia FATCA203 Dormant Accounts FATCA204 Non participating foreign financial institutions FATCA205 Recalcitrant account holders that are US persons FATCA206 Recalcitrant account holders that are passive NFFEs Element Attribute Size Input Type Requirement PoolBalance sfa MonAmnt Type Validation For all pooled types other than a pool of non participating FFIs the pool balance is the amount of the aggregate balance or value of all accounts within the reported pool In the case of pooled non participating FFIs the pool balance is the amount of aggregate foreign reportable amounts paid to non participating FFIs within the reported pool Element Attribute Size Input Type Requirement PoolBalance currCode 3 digits iso currCode_Type Validation All payment amounts must be accompanied by the appropriate 3 digit currency code 19 Appendix FATCA XML Schema v1 1 attributes FATCA OECD Generated by XMLSpy 20 www altova com Message Header attributes Free text expressing the restrictions Far use of the
9. J zde 1 Mer a eal chs E a A L 4 fte PoolReport H Generated by XMLSpy 28 www altova com Individual Organisation Account Holders E L fte Individual EJH EP 1 0 sfa Address E fasMationality 1 4 sfa Birthinfo E AccountHolder_Type 5 E ftc Organisation ume sfa Address _ 1 5 fe AcctHolderType Generated by XMLSpy 29 www altova com Address Address Type The user has the option ta enter the data about the address of a party either as one long field or to spread the data over up to eight elements or even to use both Formats IF the user chooses the option to enter the data required in separate elements the container element For this will be AddressFix IF the user chooses the option to enter the data required in a less structured way in AddressFree all available address details shall be presented as string of bytes blank or slash or carriage retum line feed used as a delimiter between parts of the address PLEASE NOTE that the address country code is outside both of these elements The use of the Fixed Form is recommended as a rule to allow matching However the use of the free Form is recommended if the sending state cannot reliably identihy and distinguish the different parts of the address The user may want to use
10. Mandatory field if the entity reported is one of the above described entities Element Attribute Size Input Type Requirement Individual sfa PersonParty Type Optional If the Account Holder reported is a natural person report his her identifying information here 15 Element Attribute Size Input Type Requirement Organization sfa OrganisationParty Type Optional If the Account Holder reported is not a natural person report the entity s identifying information here Element Attribute Size Input Type Requirement AcctHolderType Ftc FatcaAcctHolderType EnumType Mandatory This data element identifies an entity account holder or payee that is 1 an owner documented FI with specified US owner s 2 a passive NFFE with substantial or controlling US owner s 3 a nonparticipating FFI 4 a Specified US person or 5 a Direct Reporting NFFE Mandatory field only if the reported financial account is held by an entity or the reported payment is made to an entity described above Allowable entries are 1 FATCA101 Owner Documented FI with specified US owner s 2 FATCA102 Passive Non Financial Entity with substantial US owner s 3 FATCA103 Non Participating FFI 4 FATCA104 Specified US Person 5 FATCA105 Direct Reporting NFFE Element Attribute Size Input Type Requirement SubstantialOwner sfa PersonParty Type Mandatory
11. file may contain one or many reports Versioning The version of the schema is identified by the version attribute on the schema element The version consists of two numbers separated by a period sign major and minor versions The target namespace of the FATCA schema contains only the major version Element Attribute Size Input Type Requirement FATCA OECD version xsd string Mandatory The root element FATCA has a version attribute The version attribute on the root element in the report must be set to the value of the FATCA schema version This allows identification of the schema version that was used to create the report The version attribute on the root element in the schema is not fixed This allows creating a report with a lower compatible version of the schema and validating it with the current schema Example The schema version 3 1 is updated with a new currency code to a new version 3 2 which is backward compatible with the previous version Bank A created a report using schema 3 1 The report contains a version attribute 3 1 The report from Bank A will be validated with the schema 3 2 Bank B created a report using schema 2 4 which is incompatible with the current version 3 2 By checking the version attribute in the report which is 2 4 the processing application will identify that the report was created with incompatible version and Bank B will be notified that it needs to update the schema
12. information for the accounts or payments made in calendar year 2014 the field would read 2014 12 31 Element Attribute Size Input Type Requirement Timestamp xsd dateTime Validation This data element identifies the date and time when the message was compiled It is anticipated this element will be automatically populated by the host system The format for use is YYYY MM DD T hh mm ss Fractions of seconds are not used Example 2015 03 15T09 45 30 II PersonParty Type The data elements in this section are used when the Account Holder is a natural person This complex type is comprised of the following data elements Element Attribute Size Input Type Requirement TIN sfa TIN Mandatory Element Attribute Size Input Type Requirement Name sfa NamePerson Type Validation Element Attribute Size Input Type Requirement Address sfa Address_Type Validation Element Attribute Size Input Type Requirement Nationality iso CountryCode Type Null Element Attribute Size Input Type Requirement BirthInfo Mandatory TIN Type Element Attribute Size Input Type Requirement TIN Min 1 char sfa TIN Type Mandatory This data element identifies the Tax Identification Number TIN used by the receiving tax administration to identify the Individual Account Holder If the
13. message is being transmitted by an FI this element must be present This data element may be optional if the message was transmitted by a Tax Administration see specific country FATCA IGA for further information Element Attribute Size Input Type Requirement TIN issuedBy 2 digit iso CountryCode_Type Optional This attribute identifies the jurisdiction that issued the TIN For FATCA reporting a blank field will be assumed to indicate the issuing jurisdiction is the United States IIb ResCountryCode Element Attribute Size Input Type Requirement This data element describes the tax residence country code s for the individual being reported upon ResCountryCode iso CountryCode_Type 2 digit Optional NamePerson_Type Element Attribute Size Input Type Requirement NamePerson_ nameType stf OECDNameType_ Null Type EnumType This attribute is not used for FATCA reporting and should be left blank Element Attribute Size Input Type Requirement PrecedingTitle xsd string Null This data element is not used for FATCA reporting and may be left blank Element Attribute Size Input Type Requirement Title xsd string Null This data element is not used for FATCA reporting and may be left blank Element Attribute Size Input Type Requirement FirstName xsd string Validation
14. to contact the individual account holder when the report is compiled Element Attribute Size Input Type Requirement CountryCode 2 digits iso CountryCode Type Mandatory This data element provides the country code associated with the account holder s address Element Attribute Size Input Type Requirement AddressFree xsd string Optional This data element allows input of address information in free text If the user chooses the option to enter the data required in a less structured way in AddressFree all available address details shall be presented as one string of bytes blank or slash or carriage return line feed used as a delimiter between parts of the address This option should only be used if the data cannot be presented in the AddressFix format NOTE If the reporting FI or tax administration transmitting the message selects AddressFix it will have the option of inputting the full street address of the account holder in the AddressFree element rather than using the related fixed elements In this case the city subentity and postal code information should still be entered in the appropriate fixed elements Element Attribute Size Input Type Requirement AddressType legalAddressType st OECDLegalAddressType Null EnumType This attribute is not used for FATCA reporting and should be left blank
15. Attribute Size Input Type Requirement CorrDocRefID Minimum 1 character xsd string Optional Reference ID of the report referred to if the report contains Void Corrected or Amended data Element Attribute Size Input Type Requirement AccountNumber ftc FIAccountNumber_Type Validation Provide the account number used by the financial institution to identify the account holder or payee If the financial institution does not have an account number then provide the unique identifier used by the financial institution to identify the account holder or payee Mandatory for financial institutions that have an account number including alpha numeric identifiers f no account numbering system then state NANUM for no account number For example The account number may be the account number of a Custodial Account or Depository Account i1 the code ISIN or other related to a Debt or Equity Interest 1f not held in a custody account or iii the identification code of a Cash Value Insurance Contract or Annuity Contract Element Attribute Size Input Type Requirement AccountHolder fte AccountHolder Type Validation This data element identifies an entity account holder or payee that is 1 an owner documented FI with specified US owner s 2 a passive NFFE with substantial or controlling US owner s 3 a nonparticipating FFI or 4 a Specified US person
16. FATCA reporting The reporting FI or tax administration transmitting the message must provide the Individual Account Holder s last name This field can include any prefix or suffix legally used by the Account Holder Element Attribute Size Input Type Requirement LastName xnlINameType xsd string Null This attribute is not required for FATCA reporting Element Attribute Size Input Type Requirement GenerationIdentifier xsd string Null This data element is not required for FATCA and should be left blank Element Attribute Size Input Type Requirement Suffix xsd string Null This data element is not required for FATCA and should be left blank Element Attribute Size Input Type Requirement GeneralSuffix xsd string Null This data element is not required for FATCA and should be left blank Address Type There are two options for Address type in the schema AddressFix and AddressFree AddressFix should be used for all FATCA reporting unless the reporting FI or tax administration transmitting the message cannot define the various parts of the account holder s address This data element is the permanent residence address of the individual account holder If the reporting FI or tax administration does not have a permanent residence address on file for the individual then the address is the mailing address used by the financial institution
17. IRS AICA XML v1 1 User Guide Publication 5124 6 2014 Catalog Number 65544H Department of the Treasury Internal Revenue Service www irs gov General Information This guide explains the information required to be included in each data element of the FATCA XML schema v1 1 The guide is divided into logical sections based on the schema and provides information on specific data elements and any attributes that describe that data element Where a data element is not used for FATCA reporting the associated attribute s are also not used The requirement field for each data element and its attribute indicates whether the element must be included in the schema mandatory or validation is optional or is not used for FATCA null The following terms are used Validation The data element is required for schema validation and must be included Mandatory The data element is not required for schema validation but IS required for FATCA reporting Optional The data element is not required for FATCA reporting but may be provided if available Null The data element is not used for FATCA reporting and may be left blank The following terms are used throughout the guide Record A single Account Report or Pool Report equivalent to one paper Form 8966 Report A group of records assembled into a single XML instance it may contain one or many records File Records being sent to the receiving jurisdiction A
18. both Formats e g iF besides separating the logical parts of the address he also wants to indicate a suitable breakdown into print lines by delimiters in the free text Form In this case AddressFix has to precede AddressFree sfa CountryCode sfa AddressFree sfa Floorldentifie sfa Districtllame Fsfa POB pes stPostCode sfa CountrySubentity F sfa AddressFree i Generated by XMLSpy 30 www altova com Person Party la sfa ResCountryCode PersonParty Type H sfa Address H This container brings together all data about person as a party Marne and addr equired components and each can be present more than once geom m ee Bll ea as a residence country code Additional data that describes and identifies the can be n The cade For the legal ccording ta the OECD t must be added The 4 sfa Countryinto m m m m m r sfa CountryCode sfa cFormerCountryllame BE structures of all of the subelements are defined elsewhere in this schema Generated by XMLSpy 31 www altova com
19. dited to the account during the calendar year The aggregate gross amount of interest paid or credited to the account during the calendar year The gross proceeds from the sale or redemption of property paid or credited to the account during the calendar year with respect to which the FFI acted as a custodian broker nominee or otherwise as an agent for the account holder and The aggregate gross amount of all other income paid or credited to the account during the calendar year Debt or equity accounts The aggregate gross amount of payments paid or credited to the account during the calendar year including redemption payments Cash value insurance and annuity contract accounts The aggregate gross amount of payments paid or credited to the account during the calendar year including redemption payments Foreign reportable amounts The aggregate gross amount of foreign reportable amounts paid or credited to a Nonparticipating FFI may be reported divided by type of payment or the entire amount may be reported as FATCA Other payment 17 Element Attribute Size Input Type Requirement Type ftc FatcaPaymentType EnumType Validation Select the proper code to identify the payment type Specific payment types listed are 501 Dividends e 502 Interest 503 Gross Proceeds Redemptions 504 Other FATCA Example Foreign repo
20. ion to identify the TOFI This data element can be repeated if a second TIN is present If the message is being transmitted by an FI this element must be present This data element may be optional if the message was transmitted by a Tax Administration for pre existing accounts see specific country FATCA IGA for further information Element Attribute Size Input Type Requirement TIN issuedBy 2 digit iso CountryCode Type Optional This attribute describes the jurisdiction that issued the TIN For FATCA reporting a blank field will be assumed to indicate the issuing jurisdiction is the United States IIIb ResCountryCode Element Attribute Size Input Type Requirement ResCountryCode 2 digit iso CountryCode Type Optional This data element describes the tax residence country code for the organization reporting or being reported upon 11 Organisation Name Element Attribute Size Input Type Requirement Name sfa NameOrganisation Type Validation Legal name of the entity that is reporting or being reported on Element Attribute Size Input Type Requirement Name nameType stf OECDNameType EnumType Null This attribute is not required for FATCA and should be left blank IV Reporting FI Identifies the financial institution that maintains the reported financial account
21. ionary instructions about use of the message context This field is not required for FATCA and may be left blank Element Attribute Size Input Type Requirement Contact xsd string Null This data element is a free text field allowing input of specific contact information for the sender of the message This data element is not used for FATCA and will be left blank Element Attribute Size Input Type Requirement MessageRefID xsd string Validation This data element is a free text field capturing the sender s unique identifying number created by the sender that identifies the particular message being sent The identifier allows both the sender and receiver to identify the specific message later if questions arise Element Attribute Size Input Type Requirement CorrMessageRefID xsd string Optional This data element is a free text field capturing the unique identifying number as determined by the sender that identifies a corrected amended voided message being sent This data element MUST reference the original Message Reference ID created for the original message Element Attribute Size Input Type xsd date Requirement Validation ReportingPeriod This data element identifies the calendar year to which the message relates in Y Y Y Y MM DD format For example if reporting
22. mitting country is the jurisdiction of the Tax Administration If the sender is an FI the transmitting country will be the jurisdiction where the reported financial account is maintained or reported payment is made by the FI For example Sender is an FI established in Jurisdiction A and that operates branches in Jurisdiction B The reported financial accounts are maintained by FI at its branches in Jurisdiction B The transmitting country is Jurisdiction B the jurisdiction where FI maintains the reported account This data element uses the 2 digit alphabetic country code specified in the ISO 3166 1 Alpha 2 standard Example GB Element Attribute Size Input Type Requirement ReceivingCountr 2 digits iso CountryCode_Type Validation g y g y yp This data element identifies the jurisdiction of the tax administration the Competent Authority that is the intended recipient of the message This data element uses the 2 digit alphabetic country code specified in the ISO 3166 1 Alpha 2 standard Element Attribute Size Input Type Requirement MessageType sfa MessageType EnumType Validation This data element specifies the type of message being sent The only allowable entry in this field is Element Attribute Size Input Type Requirement Warning xsd string Optional This data element is a free text field allowing input of specific caut
23. nt Attribute Size Input Type Requirement Sponsor ftc CorrectableOrganisationParty Type Optional This data element provides identifying information about the Sponsoring Entity The TIN of a Sponsoring Entity is the GIIN issued to such entity when it is acting in its capacity as a Sponsor No more than one Element Attribute Size Input Type Requirement Intermediary ftc CorrectableOrganisationParty Type Optional This data element provides identifying information about the territory organized financial institute TOFI that is acting as an intermediary on behalf of the reported financial account or an entity that received the reported payment The TIN of an Intermediary is its US EIN if it has been issued one If the TOFI does not have a US EIN then the TIN is the EIN used by the relevant U S territory to identify the TOFI No more than one IVb Account Report Element Attribute Size Input Type Requirement AccountReport ftc CorrectableAccountReport Type Optional AccountReport includes the following data elements under CorrectableAccoutReport Type Element Attribute Size Input Type Requirement DocSpec sfa DocSpec_ Type Validation DocSpec identifies the particular report within the FATCA message being transmitted It allows for identification of reports requiring correction DocSpec Type is comprised of
24. or Payee that is an Entity as opposed to an Individual It is comprised of the following three data elements Element Attribute Size Input Type Requirement TIN sfa TIN Type Mandatory Element Attribute Size Input Type Requirement Name sfa NameOrganisation Type Validation Element Attribute Size Input Type Requirement Address sfa Address_Type Validation 10 TIN_Type Element Attribute Size Input Type Requirement TIN Min 1 char sfa TIN_ Type Mandatory This data element provides the tax identification number used by the receiving tax administration to identify the Entity Account Holder Examples The TIN of a participating foreign financial institution reporting financial institution or a registered deemed compliant foreign financial institution is the global intermediary identification number GIIN issued to such entity The TIN of a Sponsoring Entity is the GIIN issued to such entity when it is acting in its capacity as Sponsoring Entity The TIN of an entity that is a specified U S person is the entity s U S employer identification number EIN The TIN of an entity that is a territory organized financial institution TOFI and that is reported as an intermediary is its U S EIN If the TOFI does not have a U S EIN then TIN is the EIN used by the relevant U S territory tax administrat
25. or that makes the reported payment Examples The reporting FI is the financial institution that has agreed to treat another financial institution as an owner documented FFI The reporting FI is the financial institution that makes a reported payment to a territory organized financial institution that is acting as an intermediary and that has not elected to be treated as a U S person The reporting FI is the Sponsored FFI and the Sponsoring FFI is identified in the Sponsor group see below If the reporting FI maintains branches outside of its country of tax residence then the GIIN for the reporting FI is the GIIN associated with the branch of the reporting FI that maintains the reported financial account Reporting FI or tax administration uses the OrganisationParty Type to provide identifying information Element Attribute Size Input Type Requirement ReportingFI ftc CorrectableOrganisationParty Type Validation IVa ReportingGroup This data element provides specific details about the FATCA report being sent by the reporting FI or tax administration transmitting the message Element Attribute Size Input Type Requirement ReportingGroup Validation The following four data elements comprise the Reporting Group Sponsor and Intermediary are used only when necessary Each FATCA report must contain either an AccountReport or a PoolReport 12 Eleme
26. ordance with the terms of the Model 1 IGA 16 Cash value and annuity contracts The cash value insurance or annuity contract is the balance or value of the account Debt or equity accounts The account balance is the value of the debt or equity interest that the account holder has in the financial institution f reporting about U S owners of an entity that is receiving a reported payment enter 0 00 here Instead use the payment type codes to report the payment amount and currency Numeric characters and three digit code for currency type Element Attribute Size Input Type Requirement AccountBalance currCode 3 digits iso currCode Type Validation Account Balance amount must be accompanied by the appropriate 3 digit currency code Element Attribute Size Input Type Requirement Payment ftc Payment Type Optional Provide information on payment made to the reported financial account during the reporting period or made to an entity that is not an account holder and that is being reported Payment information is a repeating element if more than one payment type needs to be reported For example payment types may include the following Depository accounts The aggregate gross amount of interest paid or credited to the account during the calendar year Custodial accounts The aggregate gross amount of dividends paid or cre
27. rtable amount Element Attribute Size Input Type Requirement PaymentAmnt sfa MonAmnt_Type Validation Payment Amounts are entered with 2 digit fractional amounts of the currency in question For example one thousand US dollars would be entered as 1000 00 Element Attribute Size Input Type Requirement PaymentAmnt currCode 3 digits iso currCode_Type Validation All payment amounts must be accompanied by the appropriate 3 digit currency code IVc Pool Report Size Input Type Requirement Element Attribute PoolReport ftc CorrectablePoolReport Type Optional This data element provides information with respect to a pool of account holders with similar characteristics the same chapter 4 status Pooled reporting option should not be used if message sender is a tax administration providing the information pursuant to a Model 1 IGA Element Attribute Size Input Type Requirement DocSpec sfa DocSpec_Type Validation See definition above Element Attribute Size Input Type Requirement AccountCount xsd integer Validation This data element provides the number of accounts that are associated with the pool For example input 25 if there are 25 accounts described within the pooled report 18 Element Attribute Size Input Type Requirement AccountPoolReportType ftc
28. t Account Holder or Substantial US Owner Name and Address In addition for certain IGA jurisdictions the following errors would result in a voided record No Individual Account Holder or Substantial US Owner TIN OR Date of Birth No Individual Account Holder or Substantial US Owner TIN and Incorrect Date of Birth The original records should be re transmitted with code FATCA3 which instructs IRS to void the original transmission The revised records should then be transmitted to IRS with code 1 as New Data Amended Data is used to amend a record s previously transmitted to received and processed by the IRS but is later found to contain erroneous information NOTE When submitting Corrected Void or Amended Data a CorrMessRefID should be included referencing the MessRefID from the Original Transmission 14 Element Attribute Size Input Type Requirement DocRefID Minimum 1 character xsd string Validation This data element contains the unique identifier of the specific report it is contained in The identifier can contain whatever information the sender uses to allow identification of the particular report Element Attribute Size Input Type Requirement CorrMessageRefID Minimum 1 character xsd string Optional Reference ID of the message that the report identified by the DocRefID 15 associated with if this is a corrected amended voided report Element
29. the following elements Element Attribute Size Input Type Requirement DocTypelndic ftc FatcaDocTypeIndic EnumType Validation 13 This element specifies the type of report being submitted Allowable entries are e FATCAI New Data FATCA2 Corrected Data FATCA3 Void Data 4 Amended Data e FATCAII New Test Data FATCA12 Corrected Test Data FATCA13 Void Test Data FATCA14 Amended Test Data Codes FATCA11 14 are ONLY for testing and should not be used for FATCA reporting The IRS will advise when system testing is available and during those periods these codes may be used Only one type of data should be contained within any single transmission file New Data is used for records being transmitted to the IRS that have not been previously processed or have been voided Corrected Data is used for records being re transmitted after the IRS has notified the sender of a problem with the file or underlying data Corrected Data should ONLY be used when responding to an IRS request to correct the data not used for Decryption XML or other file level errors Void Data is used to erase previously filed records when data needs to be re transmitted Only records with the following errors should be voided No Account Holder or Substantial US Owner TIN ncorrect Account Holder or Substantial US Owner TIN ncorrect Account Holder or Substantial US Owner Name ncorrec
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