Select this box if the following conditions apply to you:
If you are a payer based in the United States and have to comply with Chapter 4 account reporting as per
section 1.1471-4(d)(2)(iii)(A).
If you are an FFI (Foreign Financial Institution) reporting payments to a U.S. account following an election outlined in Regulations
section 1.1471-4(d)(5)(i)(A).