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Notice 2016-66 [Technical Memorandum] - RMC Group

Written by RMC Group | Nov 22, 2016 7:07:41 PM

The Department of the Treasury and the IRS recently issued Notice 2016-66, identifying a certain type of captive insurance company as a “transaction of interest”.  Taxpayers that participate in a “transaction of interest” are required to file a Form 8886 with the IRS.  Material Advisors are required to file a Form 8918.  We have prepared a technical memorandum summarizing the provisions of Notice 2016-66.

CLICK HERE for a copy of our Technical Memorandum on Notice 2016-66. In addition, you are strongly encouraged to consult your independent legal and tax advisors.