8966 Pro and IDES Packager

1099 Pro provides secure and intuitive FATCA Form 8966 software capable of tax form management and IRS XML reporting.

The IRS will require Foreign Financial Institutions (FFIs) from Model 2 countries to report FATCA Form 8966, the FATCA report,
directly to the IRS. FFIs from Model 1 countries, that must report to their host country who in turn transmits to the IRS, still must
manage their FATCA Reports in one centralized location for ease of reporting.

1099 Pro's FATCA IDES Packager™ allows you to take a plain text Form 8966 XML file generated by 8966 Pro or any other
source and compile it into an IDES compatible data archive. The IDES Packager will sign, compress and encrypt your data and
save it to the directory of your choice.

The FATCA IDES data preparation utility also provides drag & drop functionality, certificate
verification, and an output log for saving results.

The FATCA IDES encrypting and packaging utility will create the sender payload
file, encrypt the AES key file, create the metadata file and create the transmission data packet. The process assumes an HCTA or
FFI has an IRS issued Global Intermediary Identification Number (GIIN) or FATCA Entity ID.

1099 Pro's IDES Packager utility comes standard with the ability to decrypt the returned results from the IRS/IDES. Simply follow
the same guidelines above and select the top radio button labeled "Unpackage/Decrypt".

A PDF copy of this document can be downloaded here: 8966 & IDES - 1099 Pro Services Brochure.pdf