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United States: Draft instructions, FATCA report filed on Form 8966

Draft instructions, FATCA report filed on Form 8966

The IRS has released a draft version of the instructions for Form 8966, “FATCA Report” for 2018.


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The draft instructions [PDF 286 KB] describe changes that are new for 2018 under the following topics:

  • Reporting on accounts held by nonparticipating foreign financial institutions (FFIs) 
  • Reporting Model 2 FFI related entities or branches
  • Reporting Model 2 FFIs reporting on non-consenting U.S. accounts
  • U.S. branches

The draft instructions have a “watermark” date of August 6, 2018, and include a cautionary statement that these are not to be relied upon for filing purposes, and are subject to change and to OMB approval before being officially released. 

The draft version of Form 8966 was released by the IRS in late July 2018. Read TaxNewsFlash

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