IRS Extends Due Date for Disclosing 831(b) Captive Transactions

As I wrote in early November 2016, the IRS issued Notice 2016-66 requiring participants in and material advisors to certain transactions involving IRC Sec. 831(b) captive insurance companies to file disclosure statements on Form 8886 and Form 8918.  In Notice 2017-08, the IRS has extended the due date for initial disclosure statements from January 30, 2016 to May 1, 2017.