Instructions For Form 8966 (2015) (Page 7 of 13) in pdf

respect to each specified U.S. person that owns certain

Withholding Agent Reporting

equity or debt interests in the ODFFI in accordance with

A withholding agent (other than an FFI reporting accounts

Regulations section 1.1471-3(d)(6)(iv)(A)(1) and (2),

maintained by such FFI under the account reporting rules

identification of the specified U.S. person (name, address,

described earlier in Accounts and Withholdable Payments

and TIN), account number, account balance or value,

Required To Be Reported), files Form 8966 to report the

certain enumerated payments with respect to the account

following in connection with a withholdable payment.

(described in Part IV), and such other information as may

Amounts paid to an ODFFI. With respect to each

be required on Form 8966 or by these instructions. A

ODFFI payee, on a separate Form 8966 for each

separate Form 8966 must be filed for each such specified

specified U.S. person that owns certain equity or debt

U.S. person. See Regulations sections 1.1471-3(d)(6)(iv)

interests in the ODFFI in accordance with Regulations

(A)(1) and (2), and 1.1471-4(d)(3)(iv)(B).

section 1.1471-3(d)(6)(iv)(A)(1) and (2), identification of

Account held by nonparticipating FFI. For calendar

the ODFFI and specified U.S. person (name, address,

years 2015 and 2016, with respect to a nonparticipating

and TIN), total of all withholdable payments made to the

FFI receiving a payment of a foreign reportable amount,

ODFFI, account balance or value, and such other

identification of the nonparticipating FFI (name, address,

information as may be required on Form 8966 or by these

and TIN), account number and total payments of foreign

instructions. See Regulations section 1.1474-1(i)(2).

reportable amounts made to the nonparticipating FFI

Amounts paid to a passive NFFE. With respect to a

(either divided by type of payment or as one amount as

passive NFFE payee, on a separate Form 8966 for each

set forth in Part IV, lines 4a through 4d). As an alternative

specified U.S. person that is a substantial U.S. owner (or,

to reporting foreign reportable amounts, the PFFI

in the case of a Reporting Model 2 FFI, controlling

(including a Reporting Model 2 FFI) may instead report all

person), identification of the NFFE and each substantial

income, gross proceeds, and redemptions (regardless of

U.S. owner (name, address, and TIN), total of all

source) paid to the nonparticipating FFI during the

withholdable payments made to the NFFE, and such other

calendar year. Additionally, if the PFFI (including a

information as may be required on Form 8966 or by these

Reporting Model 2 FFI) reports accounts held by

instructions. See Regulations section 1.1474-1(i)(1). A

nonparticipating FFIs in reporting pools rather than

withholding agent is not required to report information on a

specifically reporting payments to each nonparticipating

passive NFFE with a substantial U.S. owner (or, in the

FFI (see Accounts for which pooled reporting is

case of a withholding agent that is a Reporting Model 2

permitted), the PFFI (including a Reporting Model 2 FFI)

FFI, a controlling person) if it receives a withholding

may report the total of all foreign reportable amounts or all

statement from a PFFI (including a Reporting Model 2 FFI)

income, gross proceeds, and redemptions (regardless of

or a Reporting Model 1 FFI receiving the withholdable

source) paid to accounts held by nonparticipating FFIs,

payment allocable to the passive NFFE on which the FFI

and the aggregate number of accounts included in the

certifies that it is reporting the passive NFFE as a U.S.

pooled report. See Part V.

account under the terms of the FFI agreement or

Accounts held by recalcitrant account holders.

applicable IGA and the withholding agent does not have

Report the number of accounts included in the reporting

reason to know that the certification is incorrect or

pool and the aggregate account balance or value for such

unreliable.

accounts.

Specific Instructions

Transitional Account Information Reporting

Rules for 2015

Before You Begin

For calendar year 2015, report all the foregoing

There are five parts to Form 8966. A filer completes only

information, including any enumerated payments made

the relevant parts of the form applicable for that filer, as

with respect to the account as described in Part IV, lines

set forth in the following chart.

4a, 4b, and 4d, except certain gross proceeds described

in Part IV, line 4c. See Regulations section 1.1471-4(d)(7)

(ii)(B).

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Instructions for Form 8966 (2015)

Instructions For Form 8966 (2015) Page 7

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