What are the common media and format errors encountered?
The Department of Administrative Services encourages filers to verify the content of their FIDM tapes to ensure the accuracy of the data. This may eliminate the need for TransFirst to return your tape for correction. This is especially important to those who have their reports prepared by a Reporting Agent. Rejected tapes will be returned to the filing institution with a letter explaining the reason for rejection. The institution is to make the appropriate corrections and resubmit the tape as soon as possible. The following are frequently encountered problems that have been found in the FIDM tape process. Generally: Non-interest bearing accounts omitted or excluded. Although such accounts may be exempt from IRS 1099 reporting, these accounts are not excludable under O.C.G. A 19-11-30 governing the Financial Institution Data Match Program. Transmitter TIN/FID omitted. “A” Record: The institution or money market fund TIN/FID is omitted, positions 007-015. Only numerals are to be entered
