Notice 016: February 6, 2017 – IRS Notices Regarding 831(b) Reinsurance Captives
February 6, 2017
IRS Changes and Requirements Involving an 831(b) Entity. Wise F&I carefully monitors IRS actions related to the use of the 831(b) election by a reinsurance company. Recently, the IRS issued Notice 2016-66 (www.irs.gov/pub/irs-drop/n-16-66.pdf) that designated a certain type of transaction