United States: Draft instructions for Form 8966 - KPMG Global
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United States: Draft instructions for Form 8966, FATCA report

United States: Draft instructions for Form 8966

The IRS has posted a draft version of instructions for Form 8966. The draft is dated “as of August 9, 2017,” and includes cautionary language that it is not to be relied upon for filing purposes and is subject to change and to OMB approval before being officially released.


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The draft instructions for Form 8966, Foreign Account Tax Compliance Act (FATCA) Report, reflect new guidance concerning:

  • Reporting on accounts held by nonparticipating foreign financial institutions (FFIs)
  • Limited FFIs and limited branches
  • Reporting Model 2 FFI related entities or branches
  • Reporting Model 2 FFIs reporting on non-consenting U.S. accounts
  • U.S. branches
  • Participating foreign financial institutions (PFFIs) (including Reporting Model 2 FFIs) that are partnerships
  • Mergers and bulk acquisitions of accounts


Read the draft instructions [PDF 287 KB]

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