In our previous post, found here, we discussed the IRS Notice designating certain micro-captive transactions as “transactions of interest” required to be disclosed to the IRS by participants and material advisors. In Notice 2017-08, the IRS extended the deadlines for meeting the reporting requirements set forth in Notice 2016-66. Interested parties should review both notices and consult with a tax advisor to determine the appropriate filings and deadlines based on their individual situation.
