INCOME TAX

Notice 2017–71, page 561. This notice provides that any act performed for the 2016 taxable year of a partnership, REMIC, or certain other entities will be treated as timely for all purposes under the Code, except with respect to interest, if the act would have been timely if the Surface Transportation Act had not changed the due date for partnership returns.

Notice 2017–74, page 566. This notice provides guidance on computing the affordability exemption under § 5000A(e)(1) of the Internal Revenue Code and § 1.5000A–3(e) of the Income Tax Regulations for taxpayers with a family member who (i) is not eligible for coverage under an eligible employer-sponsored plan, and (ii) resides in an area in which the Health Insurance Marketplace serving the area does not offer a bronze-level qualified health plan.