Featured Guides & Tutorials
FATCA Reporting Guide
Complete guide to FATCA (Foreign Account Tax Compliance Act) reporting requirements, deadlines, and compliance procedures for financial institutions.
CRS Reporting Guide
Comprehensive guide to Common Reporting Standard (CRS) compliance, including due diligence procedures, reporting formats, and jurisdiction-specific requirements.
FATCA/CRS Compliance Checklist
Comprehensive pre-submission checklist to ensure your FATCA/CRS report meets all IRS requirements before final submission.
Frequently Asked Questions
What is the deadline for FATCA/CRS reporting?
The FATCA reporting deadline is March 31st for direct IRS filing (Model 2), while Model 1 IGA jurisdictions (such as India or the UK) typically set deadlines between May 31st and June 30th. CRS reporting deadlines vary by country, generally falling between May and September. Please check our Reporting Calendar for specific dates.
What Excel format is required for data upload?
Novus Compliance accepts Excel files in .xlsx format. Your data must follow our template structure with specific column headers and data formats. Download our pre-formatted template from the Resources section to ensure compliance.
How do I obtain IRS encryption certificates?
IRS encryption certificates can be obtained through the IRS FIRE System. You'll need to register for a Transmitter Control Code (TCC) first. Our "Encrypt & Upload to IRS" guide provides detailed instructions for this process.
Can I make corrections after submitting my report?
Yes, corrections can be made by submitting a corrected file with the same TCC and filing year. The corrected file will replace the original submission. Note that there may be deadlines for submitting corrections.
Need Additional Help?
Our compliance experts are available to assist you with any reporting questions or issues.
- contact@novuscompliance.com
- +91 88884 84178
- Mon-Fri, 9am-6pm IST