Update! FATCA XML Schema Prohibited Characters

On 9 June, the IRS issued an alert stating that there is an error in the FATCA XML Schema Best Practices web page related to the inclusion of entity references in FATCA XML documents.  To prevent file error notifications, the IRS requests that files do not include any of the characters mentioned in the FATCA XML Schema Best Practices web page (Link). The IRS further recommends that filers review the corrected FATCA IDES Technical FAQs C16 and C17 (Link). The FATCA XML schema reference documents will be updated to include these restrictions.

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