Form 8957 - Foreign Account Tax Compliance Act (FATCA) Registration, Form 8966 - FATCA Report, 8966-C, Cover Sheet for Form 8966 Paper Submissions, Form 8809-I - Application for Extention of Time to F

Forms and Documents

Document Name	Status
Form 8508 I Form 8508-I Form and Instruction	Modified
Form 8966-C Form 8966-C Form and Instruction	Modified
Form 8966 Form 8966 Form	Modified
Form 8957 Form 8957 - Foreign Account Tax Compliance Act (FATCA) Registration Form	Modified
2018-10-01_SS_1545-2246r.docx Supporting Statement A	2018-10-01
ombat1.doc Justification for No Material/Nonsubstantive Change	2014-08-22

IC Document Collections

IC ID	Document Title	Status
217009	Form 8508-I Form and Instruction	Modified
217008	Form 8809-I Instruction	Modified
217007	Form 8966-C Form and Instruction	Modified
209774	Form 8966 Form	Modified
206206	Form 8957 - Foreign Account Tax Compliance Act (FATCA) Registration Form	Modified

ICR Details

OMB Control No: 1545-2246	ICR Reference No: 201809-1545-023
Status: Active	Previous ICR Reference No: 201501-1545-004
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Form 8957 - Foreign Account Tax Compliance Act (FATCA) Registration, Form 8966 - FATCA Report, 8966-C, Cover Sheet for Form 8966 Paper Submissions, Form 8809-I - Application for Extention of Time to F
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/19/2018
	Date Received in OIRA: 11/30/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2021	36 Months From Approved	12/31/2018
Responses	5,561,180	0	4,997,800
Time Burden (Hours)	2,912,282	0	4,446,476
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
  

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:
	83 FR 47241	09/18/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 61722	11/30/2018
Did the Agency receive public comments on this ICR? No

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

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

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ICR Summary 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	4,997,800	0	0	563,380	0
Annual Time Burden (Hours)	2,912,282	4,446,476	0	0	-1,534,194	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: The agency has updated the annual number of response estimates based on its most recent filing data. Form 8957 had a decrease in the annual number of responses of -229,380 responses (260,000 to 30,620). This change decreased the annual time burden estimate by 1,867,153 hours. Form 8966 had an increase in burden of 792,760 responses, which increased the time burden estimate by 332,959 hours (1,947,456 hours to 2,280,415 hours). These changes in form estimates results in an overall increase of responses (563,380) and a decrease in the overall annual time burden estimate of 1,534,194 hours (4,446,476 to 2,912,282).

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Annual Cost to Federal Government: $134,580

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? Uncollected

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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: 11/30/2018

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