It would seem that the IRS wants small captive insurance company owners and captive managers to have a Happy New Year. The Service just released Notice 2017-08, extending the filing requirements deadline imposed by Notice 2016-66 back from January 30, 2017 to May 1, 2017.
This is great news for small captives and the captive industry. It will enable captive managers, owners and advisors to thoughtfully and thoroughly prepare filings for submission to the IRS.
CIC Services will be following up with captive owners in 2017 to prepare filings required by 2016-66.
To read more about IRS Notice 2016-66, CLICK HERE.
Perhaps the Grinch’s heart just grew one size. CLICK HERE to read our story, “How The Grinch Stole Captive Day.”
Happy New Year!