Federal Register #15452246

IRS Seeks Public Comment on FATCA Registration and Reporting Information Collection

This notice concerns the IRS's request for public comment on its information collection activities related to FATCA registration and reporting requirements. - Government Buyer: - Department of the Treasury - Internal Revenue Service (IRS) - OEMs and Vendors: - No commercial OEMs or vendors are involved; only the IRS and Treasury Department are mentioned as government entities. - Products/Services Requested: - No products or services are being procured. - The notice references regulatory forms and systems, including: - Form 8966 (FATCA Report) - Form 8966-C (FATCA Report Correction) - Form 8809-I (Application for Extension of Time to File FATCA Form 8966) - Form 8508-I (Request for Waiver from Filing FATCA Forms 8966 Electronically) - FATCA Online Registration System (formerly Form 8957) - Unique or Notable Requirements: - The IRS is seeking public feedback on the necessity, accuracy, and burden of these information collection requirements. - The notice is part of the Paperwork Reduction Act process and is not a procurement or contract opportunity. - Focus is on regulatory compliance and reporting by foreign financial institutions regarding U.S. account holders.

Description

The Internal Revenue Service (IRS) is inviting public comments on the information collection request related to the Foreign Account Tax Compliance Act (FATCA) registration. This collection involves forms and regulations for foreign financial institutions to report information on accounts held by U.S. persons. The notice is part of the Paperwork Reduction Act process to assess and minimize the burden of information collection. Comments are requested to be submitted by October 30, 2026.

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