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Form8966FATCA ReportDepartment of the Treasury Internal Revenue Service OMB No. 154522462021Go to www.irs.gov/Form8966 for instructions and the latest information. If you are filing paper Forms 8966,
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How to fill out instructions for form 8966

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How to fill out instructions for form 8966

01
Start by downloading the Form 8966 from the official IRS website.
02
Read the instructions carefully to understand the requirements and procedures.
03
Fill out your personal information including your name, address, and taxpayer identification number.
04
Provide information about your financial institution, including its name, address, and country of organization.
05
Indicate whether you are filing as a participating FFI (Foreign Financial Institution), registered deemed-compliant FFI, reporting Model 1 FFI, or reporting Model 2 FFI.
06
Report the accounts of US taxpayers and reportable accounts held by nonparticipating FFIs.
07
Fill out the section for financial account information, including the account number, type, currency, and maximum value during the reporting period.
08
Attach any required schedules or additional information as instructed.
09
Review your completed form for accuracy and completeness.
10
Sign and date the form before submitting it to the appropriate IRS mailing address.

Who needs instructions for form 8966?

01
Any individual or entity that is required to report foreign financial assets and accounts to the IRS needs instructions for Form 8966. This includes Foreign Financial Institutions (FFIs), such as banks, mutual funds, and insurance companies, who have to report information on US account holders and reportable accounts.
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Form 8966 is used by FFIs to report information required under FATCA.
Financial Institutions (FFIs) in participating jurisdictions are required to file form 8966.
Form 8966 must be filled out electronically through the IRS FATCA Online Registration System.
The purpose of form 8966 is to report information about U.S. account holders to the IRS.
Information such as account numbers, balances, and payments made to U.S. account holders must be reported on form 8966.
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