Foreign Account Tax Compliance Act (FATCA)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 8508 I Request For Waiver From Filing Information Returns Electronically	Form and Instruction	Unchanged	Available
Form 8508 I Form 8508-I	Form and Instruction	Unchanged	Repair queued
Form 8809-I Application for Extension of Time to File FATCA Form 8966	Form	Unchanged	Available
Form 8966-C Cover Sheet for Form 8966 Paper Submissions	Form and Instruction	Unchanged	Repair queued
Form 8966-C Form 8966-C	Form and Instruction	Unchanged	Repair queued
Form 8966 I FATCA REPORT	Form	Modified	Available
Form 8966 I Form 8966 I	Form	Modified	Repair queued
Form 8957 Foreign Account Tax Compliance Act (FATCA) Registration	Form	Unchanged	Repair queued
Form 8957 Form 8957 - Foreign Account Tax Compliance Act (FATCA) Registration	Form	Unchanged	Available
2021_SS_1545-2246.docx	Supporting Statement A	Uploaded 2021-11-28	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
217009	Form 8508-I	Form and Instruction	Unchanged	Request For Waiver From Filing Information Returns Electronically
217009	Form 8508-I	Form and Instruction	Unchanged
217008	Form 8809-I	Form	Unchanged	Application for Extension of Time to File FATCA Form 8966
217008	Form 8809-I	Instruction	Unchanged
217007	Form 8966-C	Form and Instruction	Unchanged	Cover Sheet for Form 8966 Paper Submissions
217007	Form 8966-C	Form and Instruction	Unchanged
209774	Form 8966 I	Form	Modified	FATCA REPORT
209774	Form 8966 I	Form	Modified
209774	Form 8966 I	Instruction	Modified
206206	Form 8957 - Foreign Account Tax Compliance Act (FATCA) Registration	Form	Unchanged	Foreign Account Tax Compliance Act (FATCA) Registration
206206	Form 8957 - Foreign Account Tax Compliance Act (FATCA) Registration	Form	Unchanged
206206	Form 8957 - Foreign Account Tax Compliance Act (FATCA) Registration	Instruction	Unchanged

ICR Details

OMB Control No: 1545-2246	ICR Reference No: 202109-1545-007
Status: Historical Active	Previous ICR Reference No: 201809-1545-023
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Foreign Account Tax Compliance Act (FATCA)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/01/2022
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/31/2021
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2025	36 Months From Approved	02/28/2022
Responses	5,561,180	0	5,561,180
Time Burden (Hours)	2,912,282	0	2,912,282
Cost Burden (Dollars)	0	0	0

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Abstract: Form 8957 is to be used by a foreign financial institution to apply for status as a foreign financial institution as defined in IRC 1471(b)(2) Form 8966 is for reporting purposes and is to be filed by foreign financial institutions to report foreign reportable amounts paid to their current account holders that are nonparticipating FFIs. Form 8966 is further to be filed by a withholding agent to report US owners of certain foreign entities regarding withholdable payments made to these entities. Form 8809-I is an application for an extension of time to file Form 8966. Form 8508-I is a request for a waiver from filing Form 8966 eelctronically. Form 8966-C is a cover sheet for those submitting a paper version of Form 8966.

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Authorizing Statute(s): US Code: 26 USC 1471(b)(2) Name of Law: Withholdable payments to foreign financial institutions
   US Code: 26 USC 1472 Name of Law: Withholdable payments to other foreign entities
   US Code: 26 USC 1474 Name of Law: Special rules
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 51447	09/15/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 73851	12/28/2021
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

table that charts list of burden

IC Title	Form No.	Form Name
Form 8508-I	8508 I	Request For Waiver From Filing Information Returns Electronically
Form 8809-I	8809-I	Application for Extension of Time to File FATCA Form 8966
Form 8957 - Foreign Account Tax Compliance Act (FATCA) Registration	8957	Foreign Account Tax Compliance Act (FATCA) Registration
Form 8966 I	8966 I	FATCA REPORT
Form 8966-C	8966-C	Cover Sheet for Form 8966 Paper Submissions

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	5,561,180	5,561,180	0	0	0	0
Annual Time Burden (Hours)	2,912,282	2,912,282	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $239,196

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 12/31/2021

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