The IRS today issued a reminder that the public-private key pairs used for encryption for FATCA filings expire 13 December 2020.
As noted in an IRS transmittal message, the soon-to-expire public key for FATCA filings will be replaced with a new key, effective 31 December 2020. Entities will need to download the new IRS public key after 13 December 2020 to file their FATCA reports.
Also, when purchasing a new digital certificate or replacing one that is about to expire, entities are reminded that IDES only recognizes and accepts digital certificates issued by IRS-approved certificate authorities.
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