Instructions For Form 8966 (2015) (Page 9 of 13) in pdf

If the Form 8966 that you are correcting was filed

calendar year 2015 must enter code 06 in line 1b and a

electronically with the IRS, then the corrected

Sponsored Entity filing Form 8966 for calendar year 2015

Form 8966 must also be filed electronically with

on behalf of a Sponsored Direct Reporting NFFE must

CAUTION

the IRS. If the Form 8966 that you are correcting was filed

enter code 08 in line 1b.

in paper format with the IRS, then the corrected Form

PFFI (other than a Reporting Model 2 FFI and including

8966 must also be filed in paper format with the IRS.

a U.S. branch of a PFFI not treated as a U.S. person) –

Failure to follow this rule will result in your corrected Form

Enter code 01.

8966 not being processed by the IRS.

RDC FFI – Enter code 02.

Limited Branch or Limited FFI – Enter code 03.

Amended report. If you are filing Form 8966 to correct a

Reporting Model 2 FFI – Enter code 04.

previously filed Form 8966 and you have not been

QI, WP, or WT – Enter code 05.

contacted by the IRS, complete Form 8966 containing the

Direct Reporting NFFE – Enter code 06.

corrected information as if it were the original Form 8966

Sponsoring Entity of a Sponsored FFI – Enter code 07.

and check the box “Amended report.” A Form 8966

Sponsoring Entity of a Sponsored Direct Reporting

marked “Voided report” must be filed with the amended

NFFE – Enter code 08.

Form 8966.

Trustee of a Trustee-Documented Trust – Enter code

If the Form 8966 that you are amending was filed

09.

electronically with the IRS, then the amended

Withholding Agent (including a U.S. branch of a PFFI,

Form 8966 and accompanying voided Form 8966

Reporting Model 1 FFI, Reporting Model 2 FFI, or RDC

CAUTION

must be filed electronically with the IRS. If the Form 8966

FFI treated as a U.S. person and a U.S. branch of a

that you are amending was filed in paper format with the

Reporting Model 1 FFI (including any other RDC FFI) or

IRS, then the amended Form 8966 and accompanying

Limited FFI that is not treated as a U.S. person) – Enter

voided Form 8966 must be filed in paper format with the

code 10.

IRS. Failure to follow this rule will result in your amended

Territory Financial Institution treated as a U.S. person –

Form 8966 not being processed by the IRS.

Enter code 11.

Lines 2 through 3c. Enter the filer’s mailing address,

Voided report. If you are filing an amended report, also

including country and postal code. If the filer is a PFFI,

file a copy of the Form 8966 as originally filed with the

provide the mailing address of the office of the branch that

IRS, updated by checking the “Voided report” box.

maintains the account reported in Part II. If the filer’s post

No accounts to report. A Direct Reporting NFFE or a

office does not deliver mail to a street address and the

Sponsoring Entity reporting on behalf of a Sponsored

filer has a post office box, enter the filer’s post office box

Direct Reporting NFFE that has no substantial U.S.

number instead of the filer’s street address.

owners to report during the calendar year should check

Line 4. If the filer has been assigned a GIIN by the IRS,

this box and complete Part I only. This box is optional for

enter it on line 4. Use the GIIN of the branch of an FFI that

filers other than Direct Reporting NFFEs and Sponsoring

maintains the account (if applicable). If the filer is a Direct

Entities filing on behalf of a Sponsored Direct Reporting

Reporting NFFE, enter its GIIN, regardless of whether or

NFFE.

not the account is maintained by a branch. A Sponsoring

Part I – Identification of Filer

Entity or trustee filing Form 8966 on behalf of a Sponsored

FFI, Sponsored Direct Reporting NFFE, or

Use Part I to provide identifying information about the

Trustee-Documented Trust, as applicable, should enter

Form 8966 filer. All filers must complete lines 1a through

the Sponsoring Entity’s or trustee’s GIIN.

3c. Filers provide information on lines 4 through 10 as

required by the specific instructions for those lines.

A Sponsoring Entity should enter its Sponsoring

Entity GIIN, not a separate GIIN (if any) it

Line 1a. Enter the filer's name.

TIP

receives when registering as a PFFI or RDC FFI.

A Direct Reporting NFFE must identify itself as

A trustee should enter the GIIN it receives when it

the filer and provide its identifying information on

registers to act as a trustee of a Trustee-Documented

TIP

lines 1a through 3c.

Trust, not a separate GIIN (if any) it receives when

registering itself as a PFFI or RDC FFI.

A Sponsoring Entity or trustee that has agreed to

assume the reporting obligations of a Sponsored

Line 5. If the filer has been assigned a U.S. taxpayer

TIP

FFI, a Sponsored Direct Reporting NFFE, or

identification number (TIN) by the IRS, enter it on line 5. If

Trustee-Documented Trust, as applicable, must identify

you entered a GIIN on line 4, do not complete line 5. A QI,

itself as the Form 8966 filer and must provide its

WP, or WT enters on line 5 the employer identification

identifying information on lines 1a through 3c. Sponsored

number (EIN) that was issued by the IRS to be used by

FFIs, Sponsored Direct Reporting NFFEs, and

the QI, WP, or WT when acting in its capacity as such.

Trustee-Documented Trusts are identified on line 6.

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

Line 1b. Enter one of the filer category codes listed

not enter a foreign TIN. If the filer does not have a U.S.

below. For calendar year 2015, this line is optional for

TIN, leave this line blank.

filers other than Direct Reporting NFFEs and Sponsored

Lines 6 through 10. Lines 6 through 10 only need to be

Entities filing on behalf of Sponsored Direct Reporting

completed if the filer is a Sponsoring Entity or a trustee of

NFFEs. A Direct Reporting NFFE filing Form 8966 for

-9-

Instructions for Form 8966 (2015)

Instructions For Form 8966 (2015) Page 9

Related Articles

Related forms

Related Categories