Purpose of Form

Form 8966 is required to be filed by filers listed under Who Must File, later, to report information with respect to certain U.S. accounts, substantial U.S. owners of passive NFFEs, specified U.S. persons that own certain debt or equity interests in ODFFIs, and certain other accounts as applicable based on the filer’s chapter 4 status. Unless otherwise indicated, Reporting Model 2 FFIs should submit Form 8966 to report on their accounts consistent with instructions for PFFIs.

Note. A separate Form 8966 must be filed for each substantial U.S. owner of a passive NFFE and each specified U.S. person owning certain equity or debt interests in an ODFFI, and for each group of accounts of an FFI for which pooled reporting is permitted as described in Part V.