Important Update on the IRS Public Key for FATCA Filing
In the world of FATCA filings, encryption is key, and those keys have a lifespan. The IRS Public Key, which is instrumental for FATCA filing, is nearing its expiration date. But don’t worry, there’s a new key on the horizon.
New IRS Public Key Release Date
The IRS is set to replace the existing Public Key with a new one on Friday, October 13, 2023. This means that after 11:59 pm eastern time on that day, you will need to acquire the new IRS Public Key to continue filing your FATCA Reports. The new key can be downloaded from the IDES website.
Reminder on Digital Certificate Purchases
When it comes to purchasing a new digital certificate or replacing an expiring one, it’s important to remember that IDES only acknowledges and accepts digital certificates issued by IRS approved Certificate Authorities (CA). This is a crucial point to keep in mind to ensure a smooth and uninterrupted filing process.
This transition to a new IRS Public Key is a significant event in the realm of FATCA filing. So, mark your calendars for Friday, October 13, 2023, and remember to download the new key from IDES. And when it comes to digital certificates, make sure they are issued by an IRS approved CA.