What Information Is Required to Be Reported on Form 8886, Reportable Transaction Disclosure Statement, with Respect to Micro-Captive Listed Transactions and Transactions of Interest?
January 16, 2025
Regs. Sec. 1.6011-10 and 1.6011-11 specify the information that participants must report on Form 8886, Reportable Transaction Disclosure Statement, if they are involved in a Listed Transaction or a Transaction of Interest. While the reporting requirements are consistent across both types of reportable transactions, the information required under these new regulations differs significantly from the requirements outlined in Notice 2016-66, which was in effect prior to their implementation. Below is a side-by-side comparison of the various information requirements that participants must include in their disclosures.For more information contact our Larson captive team to find out how this will affect your micro-captive..jpg?width=2550&height=3300&name=What%20informations%20is%20required%20to%20be%20reported%20on%20form%208886%2c%20table%20(4).jpg)
For more information contact our Larson captive team to find out how this will affect your micro-captive.
LEARN MORE FROM OUR MICRO-CAPTIVE SERIES
- How Did We Get Here? The History of Notice 2016-66 and the Micro-Captive Regulations
- What Is a Listed Transaction, What Is a Transaction of Interest, and Why Does It Matter?
- When Is a Micro-Captive Insurance Company Deemed to Be Participating in a Listed Transaction?
- When Is a Micro-Captive Insurance Company Deemed to Be Participating in a Transaction of Interest?
- Flowchart: Determining Whether a Micro-Captive Transaction is a Listed Transaction or a Transaction of Interest
- What Are the Reporting Requirements for a Micro-Captive Insurance Company That Is Deemed to Be Participating in a Listed Transaction or a Transaction of Interest?
- How Can a Micro-Captive Revoke Its Section 831(b) Election?
- What Is a “Successor Captive” and What Do the Final Regulations Say About Them?
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