**UPDATE** Deadline Extended for “Micro-Captive” Reporting Requirements
The IRS issued Notice 2017-8 extending the deadline for “micro-captive” information reporting requirements under Notice 2016-66 to May 1, 2017. Notice 2016-66 originally required filing disclosure statements by January 30, 2017. However, the IRS received multiple requests to extend this deadline. The deadline is extended for captive owners, insured businesses, and material advisors. Comments on Notice 2016-66 are still due January 30, 2017.