IRS Notice 2017-8 extended the date to file Forms 8886 for Section 831(b) micro-captives until before May 1, 2017. The original due date as set forth in IRS Notice 2016-66 was January 30, 2017.

Taxpayers should be advised that in addition to the requirement to file Form 8886 with the Office of Tax Shelter Analysis (“OTSA”) by May 1, 2017, taxpayers also need to include a copy of the Form 8886 with their 2016 returns. Accordingly, taxpayers should either prepare the Form 8886 in time to be included with their personal and business returns, or put those returns on extension to get the benefit of the extended