# Novus Compliance

> Novus Compliance is a RegTech platform for FATCA, CRS and IRS 1099 reporting — converting raw Excel or CSV data into audit-ready XML, and acting as an authorized third-party transmitter to the IRS.

## Business Overview

- **Company Name:** Novus Compliance
- **Parent Company:** Binari Software
- **Headquarters:** Pune, Maharashtra, India
- **Website:** https://novuscompliance.com/
- **Operating Hours:** Monday–Friday, 9:00 AM to 5:00 PM IST
- **Contact:** contact@novuscompliance.com | +91 88884 84178

## Core Services

### FATCA & CRS Reporting

- [FATCA Reporting Services](https://novuscompliance.com/fatca-reporting-services/): Model 1 & Model 2 FATCA filing for FFIs.
- [CRS Reporting Services](https://novuscompliance.com/crs-reporting-services/): Multi-jurisdiction OECD Common Reporting Standard filing.

### IRS IRIS 1099 Filing

- [IRS IRIS 1099 Filing Software](https://novuscompliance.com/irs-iris-1099-filing-software/): IDES-compatible 1099 e-filing for IRS IRIS.
- [1099 Filing Software](https://novuscompliance.com/1099-filing-software/): 1099-NEC, 1099-MISC and correction filing through IRIS.
- [IDES 1099 Filing for Foreign Filers](https://novuscompliance.com/ides-1099-filing/): Foreign Filer TCC, TCC GIIN and IDES transmission.
- [A2A 1099 Filing](https://novuscompliance.com/1099-a2a-filing/): System-to-system XML transmission for higher volumes.

**Important:** Novus Compliance holds a **Foreign Filer ID** with the IRS (Foreign Filer TCC, TCC GIIN, enrolled in IDES). We file Forms 1099 on behalf of foreign entities whose authorized users do not hold a U.S. SSN or ITIN.

### Other Compliance Services

- [ESR Reporting Tool](https://novuscompliance.com/esr-reporting-tool/): UAE Economic Substance Reporting XML generation.

## Jurisdiction Coverage

### FATCA & CRS

- [India](https://novuscompliance.com/fatca-crs-reporting-india/): Form 61B filing with the Income Tax Department.
- [United Kingdom](https://novuscompliance.com/fatca-crs-reporting-uk/): HMRC AEOI filing.
- [Luxembourg](https://novuscompliance.com/fatca-crs-reporting-luxembourg/): ACD portal, AEOI_LUX schema.
- [Ireland](https://novuscompliance.com/fatca-crs-reporting-ireland/): Revenue ROS filing.
- [Canada](https://novuscompliance.com/fatca-crs-reporting-canada/): CRA Part XVIII & Part XIX.
- [Switzerland](https://novuscompliance.com/fatca-crs-reporting-switzerland/): ESTV/AFC with SEI XML.

### United States

- IRS IRIS (Information Returns Intake System): 1099 filing via Taxpayer Portal and A2A.
- IRS IDES (International Data Exchange System): FATCA Model 2 and foreign filer 1099 transmission.

## Free Tools

- [FATCA & CRS XML Validation Tool](https://novuscompliance.com/xml-validation-tool/): Validate against the correct schema before submission.
- [GIIN Validation Tool](https://novuscompliance.com/validate-giin/): Verify any GIIN against the live IRS FFI List.
- [GIIN Lookup](https://novuscompliance.com/giin-lookup/): Search the global FFI database.
- [Download Templates](https://novuscompliance.com/download-templates/): Free Excel templates including FATCA, CRS and IRIS 1099.

## Knowledge Base

- [IRIS 1099 Filing Guide](https://novuscompliance.com/knowledge-base/iris-1099-filing-guide/): TCC registration, XML schema and field reference.
- [FATCA Reporting Guide](https://novuscompliance.com/knowledge-base/fatca-reporting-guide/): Model 1 vs Model 2, deadlines, XML fields.
- [CRS Reporting Guide](https://novuscompliance.com/knowledge-base/crs-reporting-guide/): CRS 2.0 changes, due diligence, XML fields.
- [FATCA/CRS Compliance Checklist](https://novuscompliance.com/knowledge-base/fatca-crs-compliance-checklist/): Pre-submission verification for new filings.
- [Correction Filing Checklist](https://novuscompliance.com/knowledge-base/fatca-crs-correction-checklist/): For FATCA 2 and CRS corrections.
- [Novus User Guide](https://novuscompliance.com/knowledge-base/novus-user-guide/)

## Company

- [About Us](https://novuscompliance.com/about-us/): Our mission to simplify regulatory reporting.
- [Technology & Security](https://novuscompliance.com/technology/): Infrastructure and security behind the platform.
- [Pricing](https://novuscompliance.com/pricing/): Plans for FATCA, CRS and 1099 reporting software.
- [Contact Us](https://novuscompliance.com/contact-us/)

## Policies

- [Terms and Conditions](https://novuscompliance.com/terms-and-conditions/)
- [Privacy Policy](https://novuscompliance.com/privacy-policy/)

## Optional

- [Blog](https://novuscompliance.com/blog/): Regulatory updates and filing deadlines.

## Notes on Technology & Security

- Bank-grade encryption: AES-256 at rest, TLS 1.3 in transit.
- Zero-retention policy: data purged 30 days after the filing deadline.
- IRS authorized third-party transmitter via IDES.

## Common Questions

### FATCA & CRS

- **What is the difference between FATCA and CRS?** FATCA is a U.S. law requiring reporting of U.S.-owned accounts to the IRS. CRS is the OECD global standard for reporting accounts held by residents of 100+ partner jurisdictions.
- **Do I need a GIIN for CRS?** No. CRS identifies reporting FIs by local tax registration numbers, not GIINs.
- **What changes under CRS 2.0?** Expanded reportable account scope (including certain digital assets), stronger self-certification, and the CRS 3.0 schema.

### IRS IRIS 1099

- **What is IRIS?** The IRS's replacement for the FIRE system. As of January 1, 2027, it is the only electronic filing channel for Forms 1099.
- **Do I need a new TCC for IRIS?** Yes. FIRE TCCs do not transfer. Apply for a new IRIS TCC through IRS e-Services.
- **Can a foreign entity file 1099s without a U.S. SSN or ITIN?** Yes — but not via the standard IRIS Taxpayer Portal. Use the Foreign Filer TCC Registration System or engage a Foreign Filer ID holder.
- **1099 filing deadlines for tax year 2026?** Form 1099-NEC due to IRS and recipients by Feb 1, 2027. Form 1099-MISC due to recipients Feb 1, 2027, to the IRS March 31, 2027 (electronic).