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Form 8966 Utasítások

8966. formanyomtatvány, FATCA jelentés

Rev. 2023

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Department of the Treasury  
Internal Revenue Service  
2023  
Instructions for Form 8966  
FATCA Report  
requirement that the related entity or branch reports U.S.  
accounts to the IRS to the extent permitted. A related  
entity or branch of a Reporting Model 2 FFI filing Form  
8966 should select the filer category code for limited  
branch or limited FFI on line 1b of Part I.  
Reporting Model 2 FFIs reporting on non-consenting  
U.S. accounts. If a Reporting Model 2 FFI is reporting a  
preexisting account that is a non-consenting U.S. account,  
the Reporting Model 2 FFI should use the pooled  
reporting category for recalcitrant account holders that are  
U.S. persons or recalcitrant account holders with U.S.  
indicia (as appropriate). If a Reporting Model 2 FFI is  
reporting a new individual account that has a change in  
circumstances that causes the Reporting Model 2 FFI to  
know or have reason to know that the original  
Contents  
Page  
General Instructions . . . . . . . . . . . . . . . . . . . . . . . . . 1  
Reminders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1  
Summary of Chapter 4 and Related Matters . . . . . 1  
Purpose of Form . . . . . . . . . . . . . . . . . . . . . . . . . 2  
Who Must File . . . . . . . . . . . . . . . . . . . . . . . . . . 2  
When, How, and Where To File . . . . . . . . . . . . . . 3  
Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4  
Accounts and Withholdable Payments  
Required To Be Reported . . . . . . . . . . . . . . . . 6  
Specific Instructions . . . . . . . . . . . . . . . . . . . . . . . . . 7  
Before You Begin . . . . . . . . . . . . . . . . . . . . . . . . 7  
Part I—Identification of Filer . . . . . . . . . . . . . . . . . 9  
Part II—Account Holder or Payee Information . . . 10  
self-certification is incorrect or unreliable and the  
Reporting Model 2 FFI is unable to obtain a valid  
self-certification establishing whether the account holder  
is a U.S. citizen or resident, the Reporting Model 2 FFI  
should use the pooled reporting category for recalcitrant  
account holders with U.S. indicia.  
Part III—Owner Information (File a Separate  
Report for Each U.S. Owner That Is a  
Specified U.S. Person) . . . . . . . . . . . . . . . . . 11  
Part IV—Financial Information . . . . . . . . . . . . . . 11  
Part V—Pooled Reporting Type . . . . . . . . . . . . . 12  
Section references are to the Internal Revenue Code  
unless otherwise noted.  
U.S. branches. On line 1b of Part I, all U.S. branches of  
an FFI not treated as U.S. persons should select the filer  
category code for PFFIs (code 01). All U.S. branches that  
are treated as U.S. persons should select the filer  
category code for withholding agents (code 10).  
Future Developments  
For the latest information about developments related to  
Form 8966 or its instructions, such as legislation enacted  
after they were published, go to IRS.gov/Form8966.  
Summary of Chapter 4 and Related  
Matters  
General Instructions  
Reminders  
Under chapter 4 of the Internal Revenue Code (Code)  
(sections 1471–1474 and Treasury Regulations  
(Regulations), commonly referred to as the Foreign  
Account Tax Compliance Act or FATCA), a withholding  
agent is generally required to deduct and withhold tax  
equal to 30% of a withholdable payment made to a foreign  
financial institution (FFI) unless the FFI has entered into  
an FFI agreement with the IRS to be treated as a  
Identifying numbers for paper Forms 8966. Beginning  
in 2018, the unique identifying number must be entered in  
the “Identifier” box provided at the top of the form. If the  
filer is submitting an amended, corrected, or voided Form  
8966, it must continue to include the same unique  
participating FFI (PFFI). Pursuant to the FFI agreement, a  
PFFI agrees to satisfy, among other things, certain  
reporting obligations for each calendar year concerning its  
U.S. accounts, accounts held by owner-documented FFIs  
(ODFFI), and certain aggregate information concerning  
accounts held by recalcitrant account holders. An FFI may  
also be excepted from chapter 4 withholding if it is  
deemed to comply with the provisions of section 1471(b)  
under Regulations section 1.1471-5(f) or is otherwise  
exempt from withholding if it is an exempt beneficial owner  
for chapter 4 purposes under Regulations section  
1.1471-6. Chapter 4 also requires a withholding agent to  
deduct and withhold tax equal to 30% of a withholdable  
payment made to a passive non-financial foreign entity  
(NFFE) unless the passive NFFE certifies to the  
identifying number that was reported on the original Form  
8966 that is being amended, corrected, or voided.  
Reporting on accounts held by nonparticipating For-  
eign Financial Institutions (FFIs). For 2017 and  
subsequent years, participating FFIs (PFFIs) (including  
Reporting Model 2 FFIs) are not required to report an  
account held by a nonparticipating FFI in Part II or Part V.  
Therefore, PFFIs (including Reporting Model 2 FFIs)  
should not check the box for “nonparticipating FFI” on  
line 5 of Part II, should not check the pooled reporting type  
“nonparticipating FFI” on line 1 of Part V, and should not  
complete line 3 of Part V.  
Reporting Model 2 FFI related entities or branches.  
Reporting Model 2 FFIs may have related entities or  
branches provided that the conditions in the Model 2  
intergovernmental agreement (IGA) are met, including the  
withholding agent that it does not have any substantial  
U.S. owners or provides certain identifying information  
Sep 13, 2023  
Cat. No. 59612Q  
     
with respect to its substantial U.S. owners. A withholding  
agent is also required to report information about  
substantial U.S. owners of a passive NFFE and specified  
U.S. persons holding certain equity or debt interests in a  
payee that the withholding agent has agreed to treat as an  
ODFFI.  
applicable RDCFFI status. See Regulations section  
1.1471-5(f)(1)(i) or an applicable Model 2 IGA.  
Related entity or branch described in an applicable  
Model 2 IGA. A related entity or branch described in an  
applicable Model 2 IGA must file Form 8966 to report a  
U.S account to the extent permitted under the relevant  
laws pertaining to the branch or FFI.  
To facilitate FATCA implementation for FFIs operating in  
jurisdictions with laws that would prevent the FFIs from  
complying with the terms of the FFI agreement, the  
Treasury Department developed two alternative model  
intergovernmental agreements (IGAs) (Model 1 IGA and  
Model 2 IGA) that would allow FFIs operating in such  
jurisdictions to perform due diligence and reporting on  
their account holders to achieve the objectives of FATCA.  
FFIs reporting under a Model 1 IGA (Reporting Model 1  
FFIs) report certain information about their U.S. reportable  
accounts and certain payees as required under the  
applicable IGA to their respective tax authorities.  
Reporting Model 2 FFI. A Reporting Model 2 FFI must  
file Form 8966 to report information with respect to U.S.  
accounts, accounts held by ODFFIs, and non-consenting  
U.S. accounts (based on the pools described in the  
instructions for Reporting Model 2 FFIs in Part V).  
Qualified Intermediary (QI), Withholding Foreign  
Partnership (WP), or Withholding Foreign Trust (WT).  
A QI, WP, or WT must file Form 8966 to report on its  
accounts, partners, beneficiaries, or owners, as applicable  
and as provided in its QI, WP, or WT agreement.  
Direct Reporting NFFE. A Direct Reporting NFFE  
must file Form 8966 to report its substantial U.S. owners  
or report that it has none. See Regulations section  
1.1472-1(c)(3).  
Reporting Model 1 FFIs do not file Form 8966 directly to  
the IRS. FFIs reporting under a Model 2 IGA (Reporting  
Model 2 FFIs) report directly to the IRS on Form 8966  
certain information about their U.S. accounts and certain  
aggregate information concerning account holders who do  
not waive legal restrictions for the FFI to report this  
information (non-consenting U.S. accounts).  
Sponsoring Entity. A Sponsoring Entity must file Form  
8966 to report an account of an FFI or a substantial U.S.  
owner of a passive NFFE that it has agreed to treat as a  
Sponsored FFI or a Sponsored Direct Reporting NFFE.  
See Regulations section 1.1471-4(d)(2)(ii)(C) regarding  
the reporting required of a Sponsoring Entity acting on  
behalf of a Sponsored FFI. See Regulations section  
1.1472-1(c)(5) regarding the reporting required of a  
Sponsoring Entity acting on behalf of a Sponsored Direct  
Reporting NFFE.  
Trustee-Documented Trusts subject to a Model 2 IGA are  
reported by the trustee of the Trustee-Documented Trust.  
Purpose of Form  
Form 8966 is required to be filed by filers listed under Who  
Must File, later, to report information with respect to  
certain U.S. accounts, substantial U.S. owners of passive  
NFFEs, specified U.S. persons that own certain debt or  
equity interests in ODFFIs, and certain other accounts as  
applicable based on the filer’s chapter 4 status. Unless  
otherwise indicated, Reporting Model 2 FFIs should  
submit Form 8966 to report on its accounts consistent with  
instructions for PFFIs.  
Sponsored FFIs and Sponsored Direct Reporting  
NFFEs do not need to file Form 8966 if a  
Sponsoring Entity is reporting on its behalf.  
TIP  
Trustee-Documented Trust. A trustee of a  
Trustee-Documented Trust reports on Form 8966 all  
information required to be reported under an applicable  
IGA as if it were a Reporting Model 2 FFI with respect to  
each U.S. account maintained by the  
Note. A separate Form 8966 must be filed for each  
substantial U.S. owner of a passive NFFE and each  
specified U.S. person owning certain equity or debt  
interests in an ODFFI, and for each group of accounts of  
an FFI for which pooled reporting is permitted as  
described in Part V.  
Trustee-Documented Trust.  
Special Rules for Certain Form 8966 Filers  
Withholding agents. A withholding agent that is not an  
FFI and that makes a withholdable payment to a passive  
NFFE with a substantial U.S. owner (either directly or  
indirectly through a flow-through entity that is also a  
passive NFFE) if the first-mentioned NFFE is the  
beneficial owner of the payment, or a withholding agent  
that is a designated withholding agent and that makes a  
withholdable payment to an ODFFI with a specified U.S.  
person owning certain equity or debt interests in the  
ODFFI must report such substantial U.S. owners or  
specified U.S. persons on Form 8966.  
Who Must File  
Except as otherwise provided in these instructions, you  
are required to file Form 8966 if you are one of the  
following persons.  
PFFI. A PFFI must file Form 8966 to report information  
with respect to U.S. accounts, accounts held by ODFFIs,  
and accounts held by recalcitrant account holders (based  
on the pools described in Part V).  
A U.S. payor (other than a U.S. branch) that is a PFFI  
(including a Reporting Model 2 FFI) or RDCFFI is not  
required to file Form 8966 to report an account if it reports  
payments to the account holder on Form 1099 to the  
extent specified in Regulations section 1.1471-4(d)(2)(iii)  
(A). With respect to an account held by a passive NFFE  
with a substantial U.S. owner or an account held by an FFI  
that the PFFI (including a Reporting Model 2 FFI) has  
agreed to treat as an ODFFI, the PFFI (including a  
U.S. branch of an FFI not treated as a U.S. person.  
A U.S. branch of an FFI that is not treated as a U.S.  
person is subject to the same Form 8966 reporting  
requirements as a PFFI. See Regulations section  
1.1471-4(d)(2)(iii)(C).  
Registered deemed-compliant FFI (RDCFFI). An  
RDCFFI must file Form 8966 to report a U.S. account for  
which it has reporting obligations as a condition of its  
-2-  
Instructions for Form 8966 (2023)  
   
Reporting Model 2 FFI) or RDCFFI that elects reporting on  
Form 1099 must still file Form 8966 to report such  
accounts.  
Regulations section 1.1471-4T(d)(2)(ii)(G)(1) through (4)  
are satisfied.  
When, How, and Where To File  
A withholding agent that is a U.S. payor reporting  
When to file. Form 8966 is required to be filed for the  
2023 calendar year on or before March 31, 2024. A  
Reporting Model 2 FFI must file Form 8966 on the same  
filing dates that apply to a PFFI, unless a different  
reporting date is specified in an applicable Model 2 IGA.  
payments to U.S. non-exempt recipients must  
!
CAUTION  
report these payments on the appropriate Form  
1099 to the extent required under chapter 61. You do not  
need to file Form 8966 to report these payments.  
An FFI other than a PFFI, Reporting Model 2 FFI,  
Note. If the due date falls on a weekend or on a U.S. legal  
or RDCFFI that is not required to file Form 8966  
!
holiday, the due date will be the next business day.  
CAUTION  
may still be required to report a payment under  
chapter 61.  
Extension of time to file. An automatic 90-day  
extension of time to file Form 8966 may be requested. To  
request an automatic 90-day extension of time to file  
Forms 8966, file Form 8809-I. See the Instructions for  
Form 8809-I for where to file that form. You should request  
an extension as soon as you are aware that an extension  
is necessary, but no later than the due date for filing Forms  
8966. No extension of time to file is permitted for Forms  
8966 filed by a Reporting Model 2 FFI to report a  
non-consenting U.S. account. A Reporting Model 2 FFI  
should refer to the applicable Model 2 IGA for the due  
dates for those filings.  
Under certain hardship conditions, the IRS may grant  
an additional 90-day extension to file Form 8966. See  
Regulations section 1.1471-4(d)(3)(vii). To request an  
additional 90-day extension of time to file Form 8966, file a  
second Form 8809-I before the end of the initial extended  
due date. See the Instructions for Form 8809-I for more  
information on the requirements for requesting an  
additional extension for filing Form 8966.  
Form 8966 is not used to report any tax withheld  
under chapter 4 to the IRS. A withholding agent  
may, in addition to Form 8966, also have to file  
TIP  
Form 1042, Annual Withholding Tax Return for U.S.  
Source Income of Foreign Persons, and Form 1042-S,  
Foreign Person’s U.S. Source Income Subject to  
Withholding, to report any tax withheld under chapter 4.  
For further information, see Forms 1042, 1042-S, and their  
instructions.  
PFFI (including a Reporting Model 2 FFI) or  
RDCFFI electing chapter 61 reporting. A PFFI  
(including a Reporting Model 2 FFI) or RDCFFI that elects  
to perform chapter 61 reporting to satisfy its chapter 4  
reporting requirements for certain accounts is not required  
to report on Form 8966 with respect to such an account  
that is held by a specified U.S. person. Instead, the PFFI  
(including a Reporting Model 2 FFI) or RDCFFI shall  
report such account on Form 1099. See Regulations  
section 1.1471-4(d)(5). With respect to an account held by  
a passive NFFE with a substantial U.S. owner or an  
account held by an FFI that the PFFI (including a  
Each branch requesting an automatic or additional  
extension must file a separate Form 8809-I.  
Electronic filing requirement. An entity that is a  
financial institution is required to file Form 8966  
electronically, irrespective of the number of Forms 8966  
filed. All other filers are strongly encouraged to  
electronically file Forms 8966. To request a waiver from  
the required filing of Forms 8966 electronically, submit  
Form 8508-I. Waiver requests should be filed at least 45  
days before the due date of the returns. See the  
instructions for Form 8508-I for where to file and additional  
information.  
How to file electronically. Those filing electronically  
should refer to Pub. 5124 for instructions on how to  
populate the fields for the electronic Form 8966. These  
instructions can generally be used to supplement Pub.  
5124. Information on how to submit the Form 8966  
electronically to the IRS is provided in Pub. 5190 and Pub.  
5188.  
Reporting Model 2 FFI) or RDCFFI has agreed to treat as  
an ODFFI, the PFFI (including a Reporting Model 2 FFI) or  
RDCFFI that elects reporting under chapter 61 must still  
file Form 8966 to report such accounts.  
U.S. branch that is treated as a U.S. person. A U.S.  
branch that is treated as a U.S. person must file Form  
8966 in the same manner as a withholding agent (see  
earlier). See Regulations sections 1.1471-1(b)(135) and  
1.1441-1(b)(2)(iv).  
Territory Financial Institution that is treated as a  
U.S. person. A Territory Financial Institution that is a  
flow-through entity or that acts as an intermediary with  
respect to a withholdable payment and that agrees to be  
treated as a U.S. person must file Form 8966 in the same  
manner as a withholding agent (see earlier). See  
Regulations sections 1.1471-1(b)(131) and 1.1471-2(a)(2)  
(iv).  
If you are required to file electronically but fail to do so,  
and you do not have an approved waiver on record,  
penalties under sections 6721 through 6724 may apply.  
Where to file paper Form 8966. If you have received a  
waiver of the Form 8966 electronic filing requirement from  
the IRS or are not otherwise required to file Form 8966  
electronically, you may send all paper Forms 8966, along  
with Form 8966-C, Cover Sheet for Form 8966 Paper  
Submissions, to the following address.  
Combined Reporting Following a Merger or Bulk  
Acquisition of Accounts  
If a PFFI (including a Reporting Model 2 FFI) (successor)  
acquires accounts of another PFFI (including a Reporting  
Model 2 FFI) (predecessor) in a merger or bulk acquisition  
of accounts, the successor may assume the  
predecessor’s obligations to report the acquired accounts  
on Form 8966 for the calendar year in which the merger or  
acquisition occurs, provided the requirements in  
Instructions for Form 8966 (2023)  
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Internal Revenue Service  
FATCA, Stop 6052 AUSC  
3651 South IH 35  
Excepted NFFEs. Excepted NFFEs include NFFEs that  
are QIs, WPs, and WTs, certain publicly traded  
corporations (including certain affiliates of such  
corporations), certain territory entities, active NFFEs,  
excepted nonfinancial entities, Direct Reporting NFFEs,  
and Sponsored Direct Reporting NFFEs as described in  
Regulations section 1.1472-1(c)(1).  
Exempt beneficial owner. An exempt beneficial owner  
is any person described in Regulations section  
1.1471-6(b) through (g) and includes any person treated  
as an exempt beneficial owner under an applicable Model  
1 IGA or Model 2 IGA.  
Financial institution (FI). An FI is any institution that is a  
depository institution, custodial institution, investment  
entity, insurance company (or holding company of an  
insurance company) that issues cash value insurance or  
annuity contracts, or a holding company or treasury center  
that is part of an expanded affiliated group of certain FFIs,  
and includes a financial institution as defined under an  
applicable Model 1 IGA or Model 2 IGA. See Regulations  
section 1.1471-5(e)(1).  
Foreign financial institution (FFI). Except as otherwise  
provided for certain foreign branches of a U.S. financial  
institution or Territory Financial Institution, an FFI means a  
financial institution that is a foreign entity. The term foreign  
financial institution also includes a foreign branch of a U.S.  
financial institution with a QI Agreement in effect.  
Foreign reportable amount. The term “foreign  
reportable amount” means the aggregate amount of  
foreign source payments described in Regulations section  
1.1471-4(d)(4)(iv).  
Global intermediary identification number (GIIN). A  
GIIN is a number assigned to a PFFI, Reporting Model 1  
FFI, Reporting Model 2 FFI, RDCFFI, and certain other  
registering entities (for example, a Direct Reporting  
NFFE). A separate GIIN will be issued to the FFI to  
identify, among other things, each jurisdiction where the  
FFI maintains a branch not treated as a limited branch. A  
Direct Reporting NFFE will be issued only one GIIN,  
irrespective of where it maintains branches.  
Austin, Texas 78741  
More information and updates to Form 8966. For  
information about FATCA, including updates to Form 8966  
and its instructions, as well as answers to Frequently  
Asked Questions, go to IRS.gov/FATCA.  
Definitions  
For detailed information about definitions that apply for  
purposes of FATCA generally, see Regulations section  
1.1471-1(b). A Reporting Model 1 FFI or Reporting Model  
2 FFI should also refer to definitions that may apply under  
an applicable IGA or apply pursuant to any applicable  
domestic law pertaining to its FATCA obligations. Solely  
for purposes of filing this Form 8966, the following  
definitions are provided to help guide filers through the  
process.  
Account/financial account. An account or financial  
account means a financial account described in  
Regulations section 1.1471-5(b).  
Account holder. An account holder is the person who  
holds a financial account, as determined under  
Regulations section 1.1471-5(a)(3).  
Account maintained by a PFFI or Reporting Model 2  
FFI. An account maintained by a PFFI or Reporting Model  
2 FFI means an account that a PFFI or Reporting Model 2  
FFI is treated as maintaining under Regulations section  
1.1471-5(b)(5).  
Branch. A branch means a unit, business, or office of a  
financial institution that is treated as a branch under the  
regulatory regime of a country or that is otherwise  
regulated under the laws of a country as separate from  
other offices, units, or branches of the financial institution,  
and includes a disregarded entity of a financial institution.  
A branch includes units, businesses, and offices of a  
financial institution located in the country (or jurisdiction)  
in which the financial institution is a resident as well as  
units, businesses, and offices of a financial institution  
located in the country in which the financial institution is  
created or organized. All units, businesses, or offices of a  
PFFI located in a single country (or jurisdiction), including  
all disregarded entities located in such single country (or  
jurisdiction), must be treated as a single branch.  
Branch that maintains an account. A branch,  
including a disregarded entity, maintains an account if the  
rights and obligations of the account holder and the FFI  
with regard to such account (including any assets held in  
the account) are governed by the laws of the country of  
the branch or disregarded entity.  
Direct Reporting NFFE. A Direct Reporting NFFE is an  
NFFE that has elected to report its substantial U.S.  
owners to the IRS pursuant to Regulations section  
1.1472-1(c)(3).  
Deemed-compliant FFI. A deemed-compliant FFI  
means an FFI that is treated, pursuant to section 1471(b)  
(2) and Regulations section 1.1471-5(f), as meeting the  
requirements of section 1471(b).  
Model 1 IGA. A Model 1 IGA means an agreement  
between the United States or the Treasury Department  
and a foreign government or one or more foreign agencies  
to implement FATCA through reporting by financial  
institutions to such foreign government or agency thereof,  
followed by automatic exchange of the reported  
information with the IRS. For a list of jurisdictions treated  
as having an IGA in effect, see Treasury.gov/Policy-Issues/  
Model 2 IGA. A Model 2 IGA means an agreement or  
arrangement between the United States or the Treasury  
Department and a foreign government or one or more  
foreign agencies to implement FATCA through reporting  
by financial institutions directly to the IRS in accordance  
with the requirements of the FFI agreement, as modified  
by an applicable Model 2 IGA, supplemented by the  
exchange of information between such foreign  
government or agency thereof and the IRS. For a list of  
jurisdictions treated as having an IGA in effect, see  
-4-  
Instructions for Form 8966 (2023)  
 
that is an FFI) of a PFFI or registered deemed-compliant  
FFI that has failed to provide the FFI maintaining its  
account with the information required under Regulations  
section 1.1471-5(g).  
Registered deemed-compliant FFI (RDCFFI). A  
registered deemed-compliant FFI is an FFI described in  
Regulations section 1.1471-5(f)(1), and includes a  
Reporting Model 1 FFI, a QI branch of a U.S. financial  
institution that is a Reporting Model 1 FFI, and a  
nonreporting FI treated as a registered deemed-compliant  
FFI under a Model 2 IGA.  
Related entity or branch of a Reporting Model 2 FFI.  
A related entity or branch of a Reporting Model 2 FFI is an  
entity or branch treated as a nonparticipating FFI under  
Article 3(5) of the Model 2 IGA (or any analogous  
provision in an applicable Model 2 IGA).  
Reporting Model 1 FFI. A Reporting Model 1 FFI is an  
FI, including a foreign branch of a U.S. financial institution,  
treated as a reporting financial institution under a Model 1  
IGA.  
Non-consenting U.S. account. For purposes of a  
Reporting Model 2 FFI, a non-consenting U.S. account  
shall have the meaning that it has under an applicable  
Model 2 IGA.  
Non-financial foreign entity (NFFE). A non-financial  
foreign entity (NFFE) is a foreign entity that is not a  
financial institution. An NFFE includes a territory NFFE as  
defined in Regulations section 1.1471-1(b)(132) and a  
foreign entity treated as an NFFE pursuant to a Model 1  
IGA or Model 2 IGA.  
Nonparticipating FFI. A nonparticipating FFI is an FFI  
other than a PFFI, a deemed-compliant FFI, or an exempt  
beneficial owner.  
Nonreporting FI. A nonreporting FI means an entity that  
is resident in or established in a jurisdiction that has in  
effect a Model 1 IGA or Model 2 IGA and that is treated as  
a nonreporting FI in Annex II of the applicable Model 1  
IGA or Model 2 IGA or that is otherwise treated as a  
deemed-compliant FFI or an exempt beneficial owner  
under Regulations sections 1.1471-5 or 1.1471-6.  
Reporting Model 2 FFI. A Reporting Model 2 FFI is an FI  
or branch of an FI treated as a reporting financial  
institution under a Model 2 IGA.  
Owner-documented FFI (ODFFI). An ODFFI is an FFI  
described in Regulations section 1.1471-5(f)(3).  
Specified U.S. person. A specified U.S. person is any  
U.S. person described in Regulations section 1.1473-1(c).  
Participating FFI (PFFI). A PFFI is an FFI that has  
agreed to comply with the requirements of an FFI  
agreement with respect to all branches of the FFI, other  
than a branch that is a reporting Model 1 FFI or a U.S.  
branch. The term PFFI also includes an FFI or branch of  
an FFI described in a Model 2 IGA that has agreed to  
comply with the requirements of an FFI agreement with  
respect to a branch, and a QI branch of a U.S. financial  
institution, unless such branch is a reporting Model 1 FFI.  
Passive NFFE. A passive NFFE is an NFFE that is not an  
excepted NFFE. With respect to a Reporting Model 2 FFI  
filing this Form 8966 to report its accounts and payees, a  
passive NFFE is an NFFE that is not an active NFFE (as  
defined in the applicable Model 2 IGA).  
Pooled reporting. For purposes of this form, a PFFI is  
permitted to report recalcitrant account holders (or, with  
respect to a Reporting Model 2 FFI, non-consenting U.S.  
accounts) on an aggregate basis in a reporting pool rather  
than report specific account holder information. With  
respect to recalcitrant account holders, a reporting pool  
consists of account holders that fall within a particular type  
described in Regulations section 1.1471-4(d)(6). With  
respect to non-consenting U.S. accounts, see Accounts  
which pooled reporting is permitted, later.  
Qualified Intermediary (QI), Withholding Foreign  
Partnership (WP), Withholding Foreign Trust (WT). A  
QI is a foreign entity (or foreign branch of a U.S. financial  
institution) that has in effect a QI agreement with the IRS.  
A WP is a foreign partnership that has in effect a  
withholding foreign partnership agreement with the IRS. A  
WT is a foreign trust that has in effect a withholding foreign  
trust agreement with the IRS.  
Sponsored Direct Reporting NFFE. A Sponsored  
Direct Reporting NFFE is a Direct Reporting NFFE that  
has a Sponsoring Entity perform due diligence and  
reporting requirements on behalf of the Sponsored Direct  
Reporting NFFE as described in Regulations section  
1.1472-1(c)(5).  
Sponsored FFI. A Sponsored FFI is an FFI that is an  
investment entity, a controlled foreign corporation, or a  
closely held investment vehicle that has a Sponsoring  
Entity that performs certain due diligence, withholding,  
and reporting obligations on behalf of the Sponsored FFI.  
Sponsoring Entity. A Sponsoring Entity is an entity that  
has registered with the IRS to perform the due diligence,  
withholding, and reporting obligations of one or more  
Sponsored FFIs or Sponsored Direct Reporting NFFEs.  
Substantial U.S. owner. A substantial U.S. owner is a  
specified U.S. person described in Regulations section  
1.1473-1(b). For purposes of filing this form, a Reporting  
Model 2 FFI reporting an account held by a passive NFFE  
should substitute the term “controlling person that is a  
specified U.S. person” for “substantial U.S. owner” and  
refer to the applicable Model 2 IGA for the definition of  
controlling person. A territory NFFE that is not an  
excepted NFFE determines its substantial U.S. owners by  
applying the 10% threshold in Regulations section  
1.1473-1(b)(1).  
Territory Financial Institution. A Territory Financial  
Institution is a financial institution that is incorporated or  
organized under the laws of any U.S. territory, excluding a  
territory entity that is a financial institution only because it  
is an investment entity.  
Territory Financial Institution treated as a U.S. per-  
Recalcitrant account holder. A recalcitrant account  
son. A Territory Financial Institution treated as a U.S.  
holder is an account holder (other than an account holder  
Instructions for Form 8966 (2023)  
-5-  
person means a Territory Financial Institution treated as a  
U.S. person under Regulations section 1.1471-3(a)(3)(iv).  
Trustee-Documented Trust. A Trustee-Documented  
Trust is a trust described as such in a Model 1 IGA or  
Model 2 IGA.  
U.S. account. A U.S. account is any account held by one  
or more specified U.S. persons. A U.S. account also  
includes any account held by a passive NFFE that has  
one or more substantial U.S. owners, or in the case of a  
Reporting Model 2 FFI, any account held by a passive  
NFFE that has one or more controlling persons that are  
specified U.S. persons. See Regulations section  
1.1471-5(a) and an applicable Model 2 IGA.  
U.S. branch treated as a U.S. person. A U.S. branch  
treated as a U.S. person is a U.S. branch that is treated as  
a U.S. person under Regulations section 1.1441-1(b)(2)  
(iv)(A).  
including depository accounts, custodial accounts, equity  
or debt interests in certain types of financial institutions,  
and certain cash value insurance or annuity contracts.  
Exceptions are provided, including for individual deposit  
accounts with a balance or value less than $50,000  
(unless an election is made to forego the exception) and  
for certain retirement and other accounts. See  
Regulations sections 1.1471-5(a)(4) and 1.1471-5(b)(2).  
Also see Regulations section 1.1471-5(a)(3) concerning  
who is considered the account holder where the listed  
holders are certain trusts or agents, or when an account is  
jointly held.  
Account held by an ODFFI as defined in Regulations  
section 1.1471-5(f)(3). File a separate Form 8966 to report  
for each specified U.S. person that owns certain equity or  
debt interests in the ODFFI described in Regulations  
sections 1.1471-3(d)(6)(iv)(A)(1) and (2) and 1.1471-4(d)  
(2)(iii)(D) (excluding certain indirect owners described in  
Regulations section 1.1471-5(f)(3)(ii)(E)).  
Withholding agent. With respect to a withholdable  
payment, a withholding agent is a person described in  
Regulations section 1.1473-1(d).  
Account maintained by a Trustee-Documented Trust  
that is a nonreporting Model 2 FFI as defined in the  
applicable Model 2 IGA. The trustee files a Form 8966 to  
report each U.S. account (within the meaning of the Model  
2 IGA) of the Trustee-Documented Trust.  
Withholdable payment. A withholdable payment is a  
payment described in Regulations section 1.1473-1(a).  
Account held by a Territory Financial Institution not  
Accounts and Withholdable Payments  
Required To Be Reported  
treated as a U.S. person. File a separate Form 8966 with  
respect to each specified U.S. person or substantial U.S.  
owner of a passive NFFE for which the Territory Financial  
Institution acts as an intermediary or is a flow-through  
entity and provides the PFFI (including a Reporting Model  
2 FFI) with the information and documentation required  
under Regulations section 1.1471-3(c)(3)(iii)(G). See  
Regulations section 1.1471-4(d)(2)(ii)(B)(2).  
Accounts to be reported. A PFFI, Reporting Model 2  
FFI, or RDCFFI required to report as if it is a PFFI must file  
a separate Form 8966 annually for each account required  
to be reported, or for each group of accounts for which  
pooled reporting is permitted, in accordance with the FFI  
agreement and Regulations section 1.1471-4(d). Such an  
FFI must report with respect to accounts required to be  
reported that are maintained at any time during each  
calendar year. This includes accounts that the FFI is  
required to treat as U.S. accounts or accounts held by  
ODFFIs, including accounts that are identified as U.S.  
accounts following a change in circumstances during such  
year or due to the expiration during such year of the time  
period provided in the applicable due diligence  
Accounts for which pooled reporting is permitted. PFFIs  
may report accounts held by the following persons on a  
Form 8966 by pooled reporting type: recalcitrant account  
holders with U.S. indicia, recalcitrant account holders  
without U.S. indicia, recalcitrant account holders that are  
U.S. persons, recalcitrant account holders that are passive  
NFFEs, and recalcitrant account holders of dormant  
accounts. See Regulations section 1.1471-4(d)(6). A  
Reporting Model 2 FFI, under the terms of the Model 2  
IGA, is required to report certain aggregate information  
regarding accounts it is required to treat as  
procedures for documenting the account holder. Such an  
FFI must also report accounts that are treated as held by  
recalcitrant account holders at the end of the calendar  
year. If an account holder rolls over the amounts in one  
account into another account (of the same or different  
type) with the same FFI during the calendar year, do not  
report the account twice. Form 8966 reporting is required  
for the following accounts.  
non-consenting U.S. accounts on Form 8966. If a  
Reporting Model 2 FFI is reporting a preexisting account  
that is a non-consenting U.S. account, the Reporting  
Model 2 FFI should use the pooled reporting category for  
recalcitrant account holders that are U.S. persons or  
recalcitrant account holders with U.S. indicia (if the  
Reporting Model 2 FFI treats the account as a U.S.  
account based on U.S. indicia as permitted under Annex I  
of the Model 2 IGA). If a Reporting Model 2 FFI is  
reporting a new individual account that has a change in  
circumstances that causes the Reporting Model 2 FFI to  
know or have reason to know that the original  
U.S. account maintained by a PFFI, Reporting Model 2  
FFI, or RDCFFI required to report as if it is a PFFI that is  
held by a specified U.S. person, and for each substantial  
U.S. owner (or, in the case of a Reporting Model 2 FFI,  
each controlling person that is a specified U.S. person) of  
a passive NFFE for which the FFI maintains the account.  
File a separate Form 8966 for each substantial U.S. owner  
(or controlling person) of a passive NFFE (as determined  
under the Regulations or an applicable Model 2 IGA) that  
is a specified U.S. person.  
self-certification is incorrect or unreliable and the  
Reporting Model 2 FFI is unable to obtain a valid  
self-certification establishing whether the account holder  
is a U.S. citizen or resident, the Reporting Model 2 FFI  
should use the pooled reporting category for recalcitrant  
account holders with U.S. indicia. (See Part V, Pooled  
Reporting Type, later.)  
Note. See Regulations section 1.1471-5(b) for details on  
the types of accounts potentially subject to reporting,  
-6-  
Instructions for Form 8966 (2023)  
 
U.S. person that owns certain equity or debt interests in  
the ODFFI described in Regulations section 1.1471-3(d)  
(6)(iv)(A)(1) and (2) (excluding certain indirect owners  
described in Regulations section 1.1471-5(f)(3)(ii)(E)),  
identification of the ODFFI and specified U.S. person  
(name, address, and TIN), total of all withholdable  
payments made to the ODFFI, account balance or value,  
and such other information as may be required on Form  
8966 or by these instructions. A withholding agent is not  
required to report on Form 8966 on a withholdable  
payment made to a PFFI (including a Reporting Model 2  
FFI) or a Reporting Model 1 FFI that is allocated to a  
payee that is an ODFFI on an FFI withholding statement  
when the PFFI (including a Reporting Model 2 FFI) or  
Reporting Model 1 FFI includes on the statement the  
certification described in Regulations section 1.1471-3(c)  
(3)(iii)(B)(2)(v), provided that the withholding agent does  
not know or have reason to know that the certification is  
incorrect or unreliable. See Regulations section  
1.1474-1(i)(2).  
Account information to be reported. The following  
information is reported on Form 8966. See Specific  
Instructions, later, to determine the information you are  
required to report based on your filing status.  
Account held by specified U.S. persons.  
Identification of the account holder (name, address, and  
U.S. TIN), account number, account balance or value,  
certain enumerated payments with respect to the account  
(described in Part IV), and such other information as may  
be required on Form 8966 or by these instructions. See  
Regulations section 1.1471-4(d)(3)(ii).  
Account held by passive NFFE. With respect to a  
passive NFFE, on a separate Form 8966 for each  
substantial U.S. owner, the name and address of the  
NFFE, the identification of the substantial U.S. owner  
(name, address, and U.S. TIN), account number, account  
balance or value, certain enumerated payments with  
respect to the account (described in Part IV), and such  
other information as may be required on Form 8966 or by  
these instructions. See Regulations section 1.1471-4(d)  
(3)(iii).  
Amounts paid to a passive NFFE. With respect to a  
passive NFFE payee, on a separate Form 8966 for each  
specified U.S. person that is a substantial U.S. owner (or,  
in the case of a Reporting Model 2 FFI, controlling  
Account held by ODFFI. With respect to an account  
held by an ODFFI, the name and address of the ODFFI  
and, with respect to each specified U.S. person that owns  
certain equity or debt interests in the ODFFI described in  
Regulations section 1.1471-3(d)(6)(iv)(A)(1) and (2)  
(excluding certain indirect owners described in  
person), identification of the NFFE and each substantial  
U.S. owner (name, address, and TIN), total of all  
withholdable payments made to the NFFE, and such other  
information as may be required on Form 8966 or by these  
instructions. A withholding agent is not required to report  
on Form 8966 on a withholdable payment made to a PFFI  
(including a Reporting Model 2 FFI) or an RDCFFI that is  
allocated to a payee that is a passive NFFE with one or  
more substantial U.S. owners on an FFI withholding  
statement when the PFFI (including a Reporting Model 2  
FFI) or RDCFFI includes on the statement the certification  
described in Regulations section 1.1471-3(c)(3)(iii)(B)(2)  
(iv), provided the withholding agent does not know or have  
reason to know that the certification is incorrect or  
Regulations section 1.1471-5(f)(3)(ii)(E)), identification of  
the specified U.S. person (name, address, and TIN),  
account number, account balance or value, certain  
enumerated payments with respect to the account  
(described in Part IV), and such other information as may  
be required on Form 8966 or by these instructions. A  
separate Form 8966 must be filed for each such specified  
U.S. person. See Regulations sections 1.1471-3(d)(6)(iv)  
(A)(1) and (2), and 1.1471-4(d)(3)(iv)(B).  
Accounts held by recalcitrant account holders.  
Report the number of accounts included in the reporting  
pool and the aggregate account balance or value for such  
accounts.  
unreliable. See Regulations section 1.1474-1(i)(1).  
Specific Instructions  
Withholding Agent Reporting  
A withholding agent (other than an FFI reporting accounts  
maintained by such FFI under the account reporting rules  
Required To Be Reported), files Form 8966 to report the  
following in connection with a withholdable payment.  
Before You Begin  
There are five parts to Form 8966. A filer completes only  
the relevant parts of the form applicable for that filer, as set  
forth in the following chart.  
Amounts paid to an ODFFI. With respect to each  
ODFFI payee, on a separate Form 8966 for each specified  
Instructions for Form 8966 (2023)  
-7-  
     
Form 8966 Completion  
FILER  
SEPARATE FORM 8966 FOR EACH  
COMPLETE PARTS  
I, II, and IV  
PFFI  
U.S. account held by a specified U.S. person  
Substantial U.S. owner (or, in the case of a Reporting Model 2 FFI,  
controlling person) of a passive NFFE (passive NFFE is holder of the U.S.  
account)  
I, II, III, and IV  
Specified U.S. person owning certain equity or debt interests in an ODFFI I, II, III, and IV  
for which you act as a designated withholding agent  
Pooled reporting for recalcitrant account holders (or non-consenting U.S.  
accounts)  
I and V  
WITHHOLDING AGENT  
Specified U.S. person owning certain equity or debt interests in an ODFFI I, II, III, and IV  
to which the withholding agent makes a withholdable payment  
Substantial U.S. owner of a passive NFFE to which the withholding agent  
makes a withholdable payment  
I, II, III, and IV  
DIRECT REPORTING NFFE  
Substantial U.S. owner of a direct reporting NFFE  
I, III, and IV  
currency in which the account or payments are  
denominated and is required to identify the currency,  
including the applicable currency code, in which the  
account is reported. See Regulations section 1.1471-4(d)  
(4)(iv)(B) and (F). If an account balance or payment is  
reported in U.S. dollars, the filer must calculate the  
amount in the manner described in Regulations section  
1.1471-5(b)(4).  
Rounding off to whole currency amounts. You may  
round fractional currency amounts up (or down) to the  
closest non-fractional (whole) currency amount. If the  
fractional currency amount is equal to or greater than half  
the value of the basic currency unit, round up to the next  
whole currency amount. If the fractional currency amount  
is less than half the value of the basic currency unit, round  
down to the next whole currency amount. If you choose to  
round currency amounts, you must round all currency  
amounts reported.  
The following illustrates the application of this rule to  
U.S. dollar amounts. To round off amounts to the nearest  
whole dollar, drop amounts under 50 cents and increase  
amounts from 50 to 99 cents to the next dollar. For  
example, $1.39 becomes $1 and $2.50 becomes $3. If  
you have to add two or more amounts to figure the amount  
to enter on a line, include cents (your fractional currency  
amount) when adding and only round off the total.  
Special instructions for filers not specifically listed in  
chart. For purposes of applying the specific instructions  
(including this chart), a withholding agent includes a U.S.  
branch or Territory Financial Institution treated as a U.S.  
person. A Reporting Model 2 FFI files consistent with the  
requirements of a PFFI unless otherwise indicated. A  
Sponsoring Entity of a Sponsored FFI files under the  
requirements of a PFFI. An RDCFFI files under the  
requirements of a PFFI with respect to an account it is  
required to report as a condition of its deemed-compliant  
status. A trustee of a Trustee-Documented Trust files  
under the requirements of a PFFI. A Sponsoring Entity of a  
Sponsored Direct Reporting NFFE files under the  
requirements of a Direct Reporting NFFE. A related entity  
or branch described in an applicable Model 2 IGA, to the  
extent it is permitted to report, files under the requirements  
of a PFFI unless otherwise indicated. Entities filing  
consistent with a PFFI should substitute their chapter 4  
status for PFFI where that term is used in the instructions,  
except as otherwise noted.  
Amount and character of payments. The amount and  
character of payments made with respect to an account  
may be determined under the same principles that the filer  
uses to report information on resident account holders to  
its domestic tax authority. Thus, the amount and character  
of items of income required to be reported need not be  
determined in accordance with U.S. federal tax principles.  
If any type of payment is not reported to domestic tax  
authorities, such amounts may be determined in the same  
manner as used for reporting to the account holder.  
Otherwise, reporting must either be in accordance with  
U.S. federal tax principles, or with any reasonable method  
consistent with the accounting principles applied by the  
PFFI. IRS consent is required to change such method,  
except that a change to rely on U.S. federal income tax  
principles is automatically permitted. See Regulations  
section 1.1471-4(d)(4)(iv)(E).  
Identifier  
Filers submitting paper Forms 8966 must assign a unique  
identifying number to each Form 8966 they file. The  
identifying number must be numeric (for example, 001)  
and must be exactly three digits. Enter the three-digit  
identifying number in the box for “Identifier” at the top of  
the form.  
If you are filing a paper Form 8966 that is an amended,  
corrected, or voided report, you must include the unique  
identifying number that you assigned to the original form  
that is being amended, corrected, or voided. For example,  
to amend a form that had an identifying number of 002,  
the amended form should also have the identifying  
number 002. In addition, the identifying number will be  
used by the IRS to identify the form in any  
Currency translation. Account balance or value, and  
any reportable payment, may be reported in U.S. dollars  
or in the currency in which the account or payment is  
denominated. In the case of an account, or payments  
denominated in multiple currencies, the filer may elect to  
report the account balance or value, or payments, in a  
correspondence with the filer.  
-8-  
Instructions for Form 8966 (2023)  
 
The identifying number must be unique to each original  
Form 8966 filed for the current year. The identifying  
number can be reused on a new original form in a  
subsequent year.  
3c. Filers provide information on lines 4 through 10 as  
required by the specific instructions for those lines.  
Line 1a. Enter the filer's name.  
A Direct Reporting NFFE must identify itself as the  
Correcting a Previously Filed Form 8966:  
Corrected, Amended, and Voided Reports  
filer and provide its identifying information on lines  
1a through 3c.  
TIP  
If you are filing Form 8966 to correct or amend a  
previously filed Form 8966, submit the corrected  
information on the Form 8966 applicable to the year of the  
initial reporting as follows.  
Corrected report. If you are filing Form 8966 to correct  
information submitted to the IRS in a previously filed Form  
8966 in response to an IRS notification, complete Form  
8966 containing the corrected information as if it were the  
original Form 8966 for the year in question and check the  
box “Corrected report.” You do not need to include a copy  
of the originally filed Form 8966 marked “Voided report”  
with the corrected Form 8966.  
A Sponsoring Entity or trustee that has agreed to  
assume the reporting obligations of a Sponsored  
FFI, a Sponsored Direct Reporting NFFE, or  
TIP  
Trustee-Documented Trust, as applicable, must identify  
itself as the Form 8966 filer and must provide its  
identifying information on lines 1a through 3c. Sponsored  
FFIs, Sponsored Direct Reporting NFFEs, and  
Trustee-Documented Trusts are identified on line 6.  
Line 1b. Enter one of the filer category codes listed  
below.  
A related entity or branch should use the code for  
If the Form 8966 that you are correcting was filed  
limited branch or limited FFI (code 03). All U.S.  
branches of FFIs not treated as U.S. persons  
TIP  
electronically with the IRS, then the corrected  
!
CAUTION  
Form 8966 must also be filed electronically with  
should use the code for PFFIs (code 01). All U.S.  
branches that are treated as U.S. persons should use the  
code for withholding agents (code 10).  
the IRS. If the Form 8966 that you are correcting was filed  
in paper format with the IRS, then the corrected Form  
8966 must also be filed in paper format with the IRS.  
Failure to follow this rule will result in your corrected Form  
8966 not being processed by the IRS.  
PFFI (other than a Reporting Model 2 FFI and including  
a U.S. branch of a PFFI not treated as a U.S.  
person)—Enter code 01.  
RDCFFI—Enter code 02.  
Amended report. If you are filing Form 8966 to correct a  
previously filed Form 8966 and you have not been  
contacted by the IRS, complete Form 8966 containing the  
corrected information as if it were the original Form 8966  
and check the box “Amended report.” A copy of the Form  
8966 as originally filed with the IRS, updated by checking  
the “Voided report” box, must be filed with the amended  
Form 8966.  
Limited Branch or Limited FFI—Enter code 03.  
Reporting Model 2 FFI—Enter code 04.  
QI, WP, or WT—Enter code 05.  
Direct Reporting NFFE—Enter code 06.  
Sponsoring Entity of a Sponsored FFI—Enter code 07.  
Sponsoring Entity of a Sponsored Direct Reporting  
NFFE—Enter code 08.  
Trustee of a Trustee-Documented Trust—Enter code 09.  
Withholding Agent (including a U.S. branch of a PFFI,  
If the Form 8966 that you are amending was filed  
electronically with the IRS, then the amended  
!
Reporting Model 1 FFI, Reporting Model 2 FFI, or RDCFFI  
treated as a U.S. person and a U.S. branch of a Reporting  
Model 1 FFI (including any other RDCFFI) or Limited FFI  
that is not treated as a U.S. person)—Enter code 10.  
CAUTION  
Form 8966 and accompanying voided Form 8966  
must be filed electronically with the IRS. If the Form 8966  
that you are amending was filed in paper format with the  
IRS, then the amended Form 8966 and accompanying  
voided Form 8966 must be filed in paper format with the  
IRS. Failure to follow this rule will result in your amended  
Form 8966 not being processed by the IRS.  
Territory Financial Institution treated as a U.S.  
person—Enter code 11.  
Lines 2 through 3c. Enter the filer’s mailing address,  
including country and postal code. If the filer is a PFFI,  
provide the mailing address of the office of the branch that  
maintains the account reported in Part II. If the filer’s post  
office does not deliver mail to a street address and the filer  
has a post office box, enter the filer’s post office box  
number instead of the filer’s street address.  
Voided report. If you are filing an amended report, also  
file a copy of the Form 8966 as originally filed with the IRS,  
updated by checking the “Voided report” box.  
No accounts to report. A Direct Reporting NFFE or a  
Sponsoring Entity reporting on behalf of a Sponsored  
Direct Reporting NFFE that has no substantial U.S.  
owners to report during the calendar year should check  
this box and complete Part I only. This box is optional for  
filers other than Direct Reporting NFFEs and Sponsoring  
Entities filing on behalf of a Sponsored Direct Reporting  
NFFE.  
Line 4. If the filer has been assigned a GIIN by the IRS,  
enter it on line 4. Use the GIIN of the branch of an FFI that  
maintains the account (if applicable). If the filer is a Direct  
Reporting NFFE, enter its GIIN, regardless of whether or  
not the account is maintained by a branch. A Sponsoring  
Entity or trustee filing Form 8966 on behalf of a Sponsored  
FFI, Sponsored Direct Reporting NFFE, or  
Part I—Identification of Filer  
Trustee-Documented Trust, as applicable, should enter  
the Sponsoring Entity’s or trustee’s GIIN.  
Use Part I to provide identifying information about the  
Form 8966 filer. All filers must complete lines 1a through  
Instructions for Form 8966 (2023)  
-9-  
 
A Sponsoring Entity should enter its Sponsoring  
Entity’s GIIN, not a separate GIIN (if any) it  
deemed-compliant FFI acting as an intermediary, leave  
this line blank.  
TIP  
receives when registering as a PFFI or RDCFFI. A  
Do not enter the GIIN of the Sponsoring Entity or  
trustee should enter the GIIN it receives when it registers  
to act as a trustee of a Trustee-Documented Trust, not a  
separate GIIN (if any) it receives when registering itself as  
a PFFI or RDCFFI.  
trustee of a Trustee-Documented Trust on line 9.  
!
CAUTION  
That information is reported on line 4.  
Line 10. If the entity shown on line 6 has been issued a  
U.S. TIN, enter the TIN on line 10. If you entered the  
entity's GIIN on line 9, do not complete line 10. If the entity  
shown on line 6 is a Territory Financial Institution that has  
not been issued a TIN by the IRS, report the EIN assigned  
to the entity by the relevant U.S. territory. If the entity  
shown on line 6 does not have either a GIIN or a TIN,  
leave line 10 blank.  
Line 5. If the filer has been assigned a U.S. taxpayer  
identification number (TIN) by the IRS, enter it on line 5. If  
you entered a GIIN on line 4, do not complete line 5.  
However, a QI, WP, or WT enters on line 5 the employer  
identification number (EIN) that was issued by the IRS to  
be used by the QI, WP, or WT when acting in its capacity  
as such (in addition to entering its GIIN on line 4). The filer  
is not required to obtain a U.S. TIN in order to file Form  
8966 if the filer has not been issued a U.S. TIN. Do not  
enter a foreign TIN. If the filer does not have a U.S. TIN,  
leave this line blank.  
Part II—Account Holder or Payee  
Information  
See the chart at Specific Instructions and Special  
before you begin this part to determine whether you are  
required to complete Part II.  
Lines 6 through 10. Lines 6 through 10 only need to be  
completed if the filer is a Sponsoring Entity or a trustee of  
a Trustee-Documented Trust, or if the filer is making a  
payment to a Territory Financial Institution that is acting as  
an intermediary or that is a flow-through entity and is not  
treated as a U.S. person or to a certified  
Direct Reporting NFFEs and Sponsored Direct Re-  
porting NFFEs. If you are a Direct Reporting NFFE or a  
Sponsoring Entity filing Form 8966 on behalf of a  
Sponsored Direct Reporting NFFE, do not complete Part  
II. Identifying information about the Direct Reporting NFFE  
or Sponsored Direct Reporting NFFE should be provided  
in Part I of the Form 8966.  
deemed-compliant FFI that is acting as an intermediary  
and providing the filer with information on a substantial  
U.S. owner of a passive NFFE account holder or payee.  
Enter the information required by lines 6 through 10 to  
report the indicated information relating only to one of the  
following.  
Jointly held accounts. If you are reporting a  
jointly held account in Part II, you must report each  
!
A Sponsored FFI on behalf of which a Sponsoring  
CAUTION  
account holder that is a specified U.S. person on a  
Entity is filing Form 8966.  
separate Form 8966.  
A Sponsored Direct Reporting NFFE on behalf of which  
a Sponsoring Entity is filing Form 8966.  
A Trustee-Documented Trust on behalf of which a  
Lines 1a through 5. Account holder or payee  
information. Complete lines 1a through 5 as follows to  
report information with respect to:  
trustee is filing Form 8966.  
A Territory Financial Institution not treated as a U.S.  
A U.S. account held by a specified U.S. person and  
person that is acting as an intermediary or that is a  
flow-through entity and that receives a withholdable  
payment from the filer of Form 8966.  
maintained by a PFFI.  
A passive NFFE with substantial U.S. owners or an  
ODFFI with certain equity or debt interests held by  
specified U.S. persons that:  
A certified deemed-compliant FFI that is acting as an  
intermediary and providing the filer with information on a  
substantial U.S. owner of a passive NFFE account holder  
or payee.  
1. Is an account holder of a PFFI; or  
2. Receives a withholdable payment from a  
withholding agent, unless the withholding agent receives  
the certification from a PFFI or RDCFFI receiving the  
payment, as described in Withholding Agent Reporting  
under Accounts and Withholdable Payments Required To  
Be Reported, earlier.  
Lines 6 through 8c. Follow the instructions for lines 1a  
through 3c to provide the information required by lines 6  
through 8c. Enter the name and mailing address, including  
country and postal code, of the Sponsored FFI,  
Sponsored Direct Reporting NFFE, Trustee-Documented  
Trust, Territory Financial Institution, or a certified  
Line 1a. Enter the name of the account holder or payee.  
Line 1b. Check the appropriate box to indicate whether  
deemed-compliant FFI acting as an intermediary. If the  
post office does not deliver mail to a street address and  
the entity identified on line 6 has a post office box, enter  
the post office box number instead of the street address.  
the account holder or payee is an individual or entity.  
Lines 2 through 3c. Enter the account holder’s or  
payee’s residence address, including country and postal  
code, on lines 2 through 3c. If a residence address cannot  
be reported as required, report the address used for  
account or payee mailings by the FFI or withholding agent.  
Line 3c. If you are reporting an address in the United  
States, enter only the 9-digit ZIP code (ZIP + 4) for that  
address.  
Line 9. If the entity reported on line 6 is a Sponsored FFI  
(other than a sponsored, closely held investment vehicle)  
or a Sponsored Direct Reporting NFFE, enter the  
Sponsored Entity's GIIN on line 9. If the entity reported on  
line 6 is a Territory Financial Institution;  
Trustee-Documented Trust; Sponsored FFI that is a  
sponsored, closely held investment vehicle; or certified  
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Instructions for Form 8966 (2023)  
 
The value of each substantial U.S. owner’s equity  
Line 4. If the account holder or payee has been assigned  
a TIN, enter that number on line 4. If the account holder or  
payee does not have a TIN, leave line 4 blank.  
Line 5. Check the appropriate box on line 5 that  
describes the account holder or payee reported on  
line 1a.  
interest in the Direct Reporting NFFE or the Sponsored  
Direct Reporting NFFE.  
The total of all payments made to each substantial U.S.  
owner of a Direct Reporting NFFE or a Sponsored Direct  
Reporting NFFE during the calendar year by such NFFE  
with respect to each such owner's equity interest in the  
NFFE.  
Part III—Owner Information (File a  
Separate Report for Each U.S. Owner  
That Is a Specified U.S. Person)  
PFFI Filers  
Enter the following information on lines 1 through 4d for  
each account required to be reported by a PFFI and held  
by a specified U.S. person, a passive NFFE with respect  
to its substantial U.S. owners, or an ODFFI with respect to  
certain equity or debt interests held by more than one  
specified U.S. person.  
See the chart at Specific Instructions and Special  
before you begin this part to determine whether you are  
required to complete Part III.  
Use Part III to report information about substantial U.S.  
owners of a passive NFFE, substantial U.S. owners of a  
Direct Reporting NFFE, substantial U.S. owners of a  
Sponsored Direct Reporting NFFE, and specified U.S.  
persons owning certain equity or debt interests in an  
ODFFI identified in Part II, line 1a. Complete lines 1  
through 4 to report U.S. owner information as follows.  
Line 1. Enter the account number on line 1. The account  
number is the identifying number assigned by the PFFI for  
a purpose other than the filing of this form, or, if no such  
number is assigned to the account, a unique serial  
number or other number the PFFI assigns to the account  
for purposes of filing this form that distinguishes it from  
other accounts maintained by the PFFI. For example, the  
account number may be the account number of a  
custodial account or depository account, the code (ISIN or  
other) related to a debt or equity interest (if not held in a  
custody account), or the identification code of a cash  
value insurance contract or annuity contract. If the PFFI  
has no account numbering system, enter “NANUM” for no  
account number.  
Line 2. If the amounts reported on lines 3a and 4a  
through 4d are not reported in U.S. dollars, enter the code  
for the currency in which the amounts are reported. The  
currency code must be a valid three-character ISO 4217  
currency code. If the amounts are reported in U.S. dollars,  
enter “USD.”  
Line 1. Enter the U.S. owner’s name.  
Lines 2 through 3c. Enter the U.S. owner’s residence  
address, including country and postal code, on lines 2  
through 3c.  
Line 3c. If you are reporting an address in the United  
States, enter only the 9-digit ZIP code (ZIP + 4) for that  
address.  
Line 4. Enter the social security number (SSN), individual  
taxpayer identification number (ITIN), or employer  
identification number (EIN) of the U.S. owner.  
U.S. owners. If you are a PFFI or withholding  
agent reporting substantial U.S. owners of a  
!
Line 3a. Enter the average calendar year account  
balance or value if that amount is reported to the account  
holder. Otherwise, report the account balance or value as  
of the end of the calendar year. See Regulations section  
1.1471-5(b)(4) for detailed rules for determining an  
account’s balance or value.  
CAUTION  
passive NFFE, or specified U.S. persons owning  
certain equity or debt interests in an ODFFI, you are  
required to file a separate Form 8966 to report information  
required in Part III for each such substantial U.S. owner or  
specified U.S. person. If you are a Direct Reporting NFFE  
or a Sponsoring Entity filing on behalf of a Sponsored  
Direct Reporting NFFE, you are required to file a separate  
Form 8966 to report each substantial U.S. owner.  
If an account is closed or transferred in its entirety  
during the calendar year, enter the amount or  
TIP  
value withdrawn or transferred from the account in  
Part IV—Financial Information  
connection with the closure or transfer on line 3a and  
check the box on line 3b for “Account closed during the  
year.”  
See the chart at Specific Instructions and Special  
before you begin this part to determine whether you are  
required to complete Part IV.  
Each holder of a jointly held account is attributed  
the entire balance or value of the joint account.  
TIP  
Use Part IV to provide financial information about:  
An account maintained by a PFFI and held by a  
Line 3b. Account closed during the year. Check this  
box if the account reported in Part IV was closed or  
transferred in its entirety during the calendar year. If an  
account holder rolls over the amounts in one account into  
another account (of the same or different type) with the  
same FFI during the calendar year, do not report the  
account as closed.  
specified U.S. person, passive NFFE with substantial U.S.  
owners, or ODFFI with specified U.S. persons holding  
certain equity or debt interests in the ODFFI reported on  
Part II, line 1a.  
A withholdable payment made to a passive NFFE with a  
substantial U.S. owner or an ODFFI with a specified U.S.  
person holding certain equity or debt interests in the  
ODFFI reported on Part II, line 1a, by a withholding agent  
that is not a PFFI.  
Instructions for Form 8966 (2023)  
-11-  
   
currency code must be a valid three-character ISO 4217  
currency code. If the amounts are reported in U.S. dollars,  
enter “USD.”  
Line 4a. Enter the aggregate gross amount of interest  
paid or credited to the account being reported for the  
calendar year.  
Line 3a. With respect to an account held by an ODFFI,  
enter the average calendar year account balance or value  
if that amount is reported to the account holder.  
Otherwise, report the account balance or value as of the  
end of the calendar year. See Regulations section  
1.1471-5(b)(4) for detailed rules for determining an  
account’s balance or value. If the account holder is a  
passive NFFE, or if the payment is not made to an  
account, enter “0” on this line.  
Line 4b. Enter the aggregate gross amount of dividends  
paid or credited with respect to an account being reported  
for the calendar year.  
Line 4c. Enter the aggregate gross proceeds from the  
sale or redemption of property paid or credited to the  
account being reported for the calendar year.  
Line 4d. Enter the aggregate gross amount of all income  
paid or credited to an account for the calendar year,  
reduced by interest, dividends, and gross proceeds  
reported on lines 4a through 4c. For accounts described  
in Regulations sections 1.1471-5(b)(1)(iii) (certain debt or  
equity interests, other than an interest as a partner in a  
partnership) or 1.1471-5(b)(1)(iv) (certain cash value  
insurance contracts and annuity contracts), enter the  
aggregate gross amounts paid or credited to the account  
during the calendar year, including payments in  
Line 3b. Do not check the box on line 3b.  
Line 4a. Enter the aggregate gross amount of interest  
paid (or credited to the payee’s account) that is a  
withholdable payment for the calendar year.  
Line 4b. Enter the aggregate gross amount of dividends  
paid (or credited to the payee’s account) that is a  
withholdable payment for the calendar year.  
redemption (in whole or part) of the account, and do not  
enter any amounts on lines 4a through 4c. In the case of  
an account that is a partner’s interest in a partnership,  
report the amount of the partner’s distributive share of the  
partnership’s income or loss for the calendar year, without  
regard to whether any such amount is distributed to the  
partner during the year, and any guaranteed payments for  
the use of capital, and do not enter any amounts on lines  
4a through 4c. The amounts required to be reported may  
be determined based on the partnership's tax returns or, if  
the tax returns are unavailable by the due date for filing  
this form, the partnership's financial statements or any  
other reasonable method used by the partnership for  
calculating the partner's share of partnership income by  
such date.  
Line 4c. Enter the aggregate gross proceeds paid (or  
credited to the payee’s account) that is a withholdable  
payment for the calendar year.  
Line 4d. Enter the aggregate gross amount of all income  
paid (or credited to the payee’s account) that is a  
withholdable payment for the calendar year, reduced by  
interest, dividends, and gross proceeds reported on lines  
4a through 4c.  
Direct Reporting NFFEs and Sponsored Direct  
Reporting NFFEs  
If you are a Direct Reporting NFFE or a Sponsoring Entity  
filing Form 8966 on behalf of a Sponsored Direct  
Reporting NFFE, complete lines 1 through 4d as follows.  
If an account is closed or transferred in its entirety  
Line 1. Enter “NANUM” (for no account number) on  
during a calendar year, report the amounts paid or  
credited to the account for the calendar year until  
TIP  
line 1.  
Line 2. If the amounts reported on lines 3a and 4a  
through 4d are not reported in U.S. dollars, enter the code  
for the currency in which the amounts are reported. The  
currency code must be a valid three-character ISO 4217  
currency code. If the amounts are reported in U.S. dollars,  
enter “USD.”  
the date of transfer or closure on lines 4a through 4d. See  
Regulations section 1.1471-4(d)(4)(iv)(D).  
Withholding Agents  
A withholding agent that is not an FFI should enter the  
following information on lines 1 through 4d in connection  
with withholdable payments made to:  
Line 3a. Enter the value of the equity interest in the NFFE  
of the substantial U.S. owner identified in Part III.  
An account maintained by the withholding agent and  
held by a passive NFFE with a substantial U.S. owner or  
an ODFFI with a specified U.S. person owning certain  
equity or debt interests in the ODFFI.  
Line 3b. Do not check the box on line 3b.  
Lines 4a through 4d. Enter the total of all payments  
made by the NFFE during the calendar year to the  
substantial U.S. owner identified in Part III (either divided  
by type of payment on lines 4a through 4d or as one  
amount on line 4d), including the gross amounts paid or  
credited to the substantial U.S. owner with respect to such  
owner’s equity interest in the NFFE during the calendar  
year, which include payments in redemption or liquidation  
(in whole or part) of the substantial U.S. owner’s equity  
interest in the NFFE.  
A payment on an obligation made to a payee that the  
withholding agent treats as a passive NFFE with  
substantial U.S. owner(s) or an ODFFI with a specified  
U.S. person owning certain equity or debt interests in the  
ODFFI.  
Line 1. If the payment is made to an account, enter the  
account number on line 1. If the payment is not made to  
an account maintained by the payor, enter “NANUM” for  
no account number.  
Line 2. If the amounts reported on lines 3a and 4a  
through 4d are not reported in U.S. dollars, enter the code  
for the currency in which the amounts are reported. The  
Part V—Pooled Reporting Type  
See the chart at Specific Instructions and Special  
-12-  
Instructions for Form 8966 (2023)  
 
before you begin this part to determine whether you are  
required to complete Part V.  
Reporting Model 2 FFIs, non-consenting U.S. accounts) at  
the end of the year.  
If you are a PFFI, use Part V to report information about  
the accounts held by recalcitrant account holders (or, for a  
Reporting Model 2 FFI, non-consenting U.S. accounts) on  
a pooled basis. If you are required to report more than one  
type of pooled reporting account, file a separate Form  
8966 for each type.  
Line 5. If the amounts reported on lines 3 and 4 (to the  
extent applicable) are not reported in U.S. dollars, enter  
the code for the currency in which the amounts are  
reported. The currency code must be a valid  
three-character ISO 4217 currency code. If the amounts  
are reported in U.S. dollars, enter “USD.”  
Direct Reporting NFFEs and Sponsored  
Paperwork Reduction Act Notice. We ask for the  
information on this form to carry out the Internal Revenue  
laws of the United States. Chapter 4 of the Code requires  
certain withholding agents and foreign financial  
institutions to report information with respect to certain  
U.S. accounts, substantial U.S. owners of passive NFFEs,  
U.S. accounts held by owner-documented FFIs, and  
certain other accounts as applicable based on the filer’s  
chapter 4 status. Form 8966 is used to comply with this  
reporting requirement.  
Direct Reporting NFFEs. Do not complete Part  
!
CAUTION  
V.  
Lines 1 through 5. Complete lines 1, 2, 4, and 5 as  
follows to report information about accounts for which  
pooled reporting is permitted. Do not complete line 3.  
Line 1. Check the appropriate box for the applicable  
pooled reporting type. See Accounts and Withholdable  
reporting is permitted for the categories of pooled  
reporting accounts.  
You are not required to provide the information  
requested on a form that is subject to the Paperwork  
Reduction Act unless the form displays a valid OMB  
control number. Books or records relating to a form or its  
instructions must be retained as long as their contents  
may become material in the administration of any Internal  
Revenue law. Generally, tax returns and return information  
are confidential, as required by section 6103.  
If you are a Reporting Model 2 FFI reporting a  
preexisting account that is a non-consenting U.S.  
account, use the pooled reporting category for  
TIP  
recalcitrant account holders that are U.S. persons or  
recalcitrant account holders with U.S. indicia (if the  
Reporting Model 2 FFI treats the account as a U.S.  
account based on U.S. indicia as permitted under Annex I  
of the Model 2 IGA). If you are a Reporting Model 2 FFI  
reporting a new individual account that has a change in  
circumstances that causes you to know or have reason to  
know that the original self-certification is incorrect or  
unreliable and you are unable to obtain a valid  
The time needed to complete and file this form will vary  
depending on individual circumstances. The estimated  
average time is 25 minutes.  
If you have comments concerning the accuracy of this  
time estimate or suggestions for making this form simpler,  
we would be happy to hear from you. You can send us  
comments from IRS.gov/FormComments. Or you can  
write to Internal Revenue Service, Tax Forms and  
Publications,1111 Constitution Ave. NW, IR-6526,  
Washington, DC 20224. Do not send the form to this  
address. Instead, see When, How, and Where To File,  
earlier.  
self-certification establishing whether the account holder  
is a U.S. citizen or resident, use the pooled reporting  
category for recalcitrant account holders with U.S. indicia.  
Line 2. Enter the total number of accounts reported in  
Part V.  
Line 3. Do not complete this line.  
Line 4. Enter the aggregate balance or value of the  
accounts held by recalcitrant account holders (or, for  
Instructions for Form 8966 (2023)  
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