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YouTube video text script - FATCA Registration-Upload Multiple Sponsored Entities Using a File

WELCOME TO THE IRS FOREIGN ACCOUNT TAX COMPLIANCE ACT, OR FATCA, ONLINE REGISTRATION VIDEO SERIES.

SPONSORING ENTITIES MAY ADD MULTIPLE ENTRIES TO THE FATCA REGISTRATION AT ONE TIME BY UPLOADING AN XML FILE.

IN ORDER TO PERFORM THE UPLOAD OF SPONSORED ENTITIES, YOU WILL NEED TO CREATE AN XML DATA FILE BASED ON THE SPECIFIC SCHEMA FILE.
     
A SCHEMA FILE TEMPLATE PROVIDES THE FORMAT AND STRUCTURE NECESSARY TO SUBMIT A FILE FOR SPONSORED ENTITES AND SPONSORED SUBSIDIARY BRANCHES.

VISIT IRS.GOV/FATCA-REGISTRATION TO DOWNLOAD THE SCHEMA FILE AND LEARN HOW TO PREPARE THE XML FILE.
    
ONCE YOUR FILE IS READY, FOLLOW THE INSTRUCTIONS IN THIS VIDEO TO UPLOAD IT.

TO ADD THE MULTIPLE SPONSORED ENTITIES, CLICK THE MANAGE SPONSORED ENTITIES LINK IN THE YOUR INFORMATION SECTION FROM YOUR HOME PAGE.
    
THIS LINK IS ONLY AVAILABLE WHEN YOUR ACCOUNT IS IN APPROVED STATUS.

UPLOAD THE FILE FROM “ADD MULTIPLE SPONSORED ENTITIES.”
    
NOTE, YOU CAN ONLY ADD ONE FILE AT A TIME.
    
YOU MAY SUBMIT MORE FILES AS LONG AS YOUR TOTAL NUMBER OF SPONSORED ENTITIES DOES NOT EXCEED 5000.
    
THIS INCLUDES RECORDS THAT ARE ALREADY IN YOUR SPONSORED ENTITIES TABLE AND ANY RECORDS UPLOADED BUT HAVE NOT BEEN PROCCESSED.
    
IF YOU ALREADY HAVE 5000 RECORDS IN YOUR TABLE, THE MULTIPLE SPONSORED ENTITIES FILE UPLOAD WILL NOT BE AN OPTION.

A LINK TO INFORMATION FOR PREPARING THE FILE IS ALSO AVAILABLE HERE.

CLICK ON THE “BROWSE” BUTTON AND SELECT YOUR SAVED DATA FILE.
    
THE FILE MUST BE IN XML FORMAT AND HAVE AN ACCEPTABLE FILE NAME ENDING WITH THE FILE EXTENSION XML.      
    
THE NAME CAN ONLY CONTAIN LETTERS, NUMBERS AND THE UNDERSCORE CHARACTER.
    
IT MUST NOT CONTAIN SPACES.

ONCE THE FILE IS SELECTED, CLICK THE UPLOAD BUTTON TO BEGIN UPLOADING.

A SCREEN NOTIFICATION WILL APPEAR ALONG WITH A MESSAGE BOARD MESSAGE LETTING YOU KNOW YOUR FILE WAS ACCEPTED.   

IF THE FILE IS NOT ACCEPTED, THE SCREEN NOTIFICATION AND MESSAGE WILL TELL YOU WHY.
    
FOR EXAMPLE, THE FILE TYPE MUST BE XML.      
   
IF IT IS NOT, YOU WILL RECEIVE A MESSAGE SAYING “THE FILE TYPE MUST BE XML.”
    
THE USER GUIDE CONTAINS A COMPLETE LIST OF POSSIBLE ERRORS.
   
IF THE FILE IS ACCEPTED, THE SCREEN NOTIFICATION AND MESSAGE BOARD MESSAGE WILL INCLUDE A CONFIRMATION NUMBER.
    
NOTE THAT IT MAY TAKE UP TO 48 HOURS TO PROCESS YOUR FILE AND ADD IT TO THE SPONSORED ENTITIES TABLE.

YOU WILL RECEIVE AN EMAIL AND ANOTHER MESSAGE ON YOUR MESSAGE BOARD WHEN THE FILE PROCESSING IS COMPLETE.
     
A COMPLETED PROCESSING MESSAGE CONTAINS THE UPLOAD DATE, FILENAME, CONFIRMATION NUMBER AND NUMBER OF RECORDS ADDED.
     
IF YOU RECEIVE AN ERROR MESSAGE, READ AND FOLLOW THE INSTRUCTIONS IN THE MESSAGE.

AFTER RECEIVING A COMPLETED PROCESSING MESSAGE, CHECK YOUR LIST OF SPONSORED ENTITIES AND SPONSORED SUBSIDIARY BRANCHES TO ENSURE THEY MATCH WHAT YOU SUBMITTED.

NOTE:  ALL NEW RECORDS WILL BE IN “SUBMITTED” STATUS.

IF THE SPONSORED ENTITY HAS BRANCHES, THEN ITS BRANCH LINK WILL APPEAR ON THE TABLE.

BE SURE TO CONTINUE TO MONITOR YOUR MESSAGE BOARD FOR STATUS UPDATES.

YOU CAN FIND MORE INFORMATION ABOUT UPLOADING MULTIPLE SPONSORED ENTITIES AT IRS.GOV/FATCA-REGISTRATION.

Page Last Reviewed or Updated: 20-Oct-2016