Foreign Account Tax Compliance Act (FATCA) Reporting by Foreign Financial Institutions and Non-Financial Foreign Entities

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	Modified	Available
Form 8508 I Form 8508-I	Form and Instruction	Modified	Repair queued
Form 8809-I Application for Extension of Time to File FATCA Form 8966	Form	Modified	Available
Form 8809-I Form 8809-I	Form	Modified	Repair queued
Form 8966-C Cover Sheet for Form 8966 Paper Submissions	Form and Instruction	Modified	Available
Form 8966-C Form 8966-C - Cover Sheet for paper filings	Form and Instruction	Modified	Repair queued
Form 8966 FATCA REPORT	Form	Modified	Available
Form 8966 FATCA Reports	Form	Modified	Repair queued
1545-2246-SS_2025-Clean.docx	Supporting Statement A	Uploaded 2025-03-07	Available
1545-2246-SS_2025-Clean.docx	Supporting Statement A	Uploaded 2025-03-07	Repair queued

IC Document Collections

Information collection document groups

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

ICR Details

OMB Control No: 1545-2246	ICR Reference No: 202503-1545-003
Status: Active	Previous ICR Reference No: 202109-1545-007
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Foreign Account Tax Compliance Act (FATCA) Reporting by Foreign Financial Institutions and Non-Financial Foreign Entities
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: 09/15/2025
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/31/2025
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2026	36 Months From Approved	09/30/2025
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: The Foreign Account Tax Compliance Act (FATCA) amended the Internal Revenue Code (IRC) by adding Sections 1471 through 1474. FATCA requires that foreign financial Institutions and certain other non-financial foreign entities report on the foreign assets held by their U.S. account holders or be subject to withholding on withholdable payments.

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Authorizing Statute(s): US Code: 26 USC 1471 - 1474 Name of Law: Withholdable payments to other foreign entities
  

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:
	89 FR 93905	11/27/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 14189	03/28/2025
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
FATCA Reports	8966	FATCA REPORT
Foreign Account Tax Compliance Act (FATCA) Registration and FIN request
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 8966-C - Cover Sheet for paper filings	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: $229,611

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.     Yes

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: 03/31/2025

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