Overview
Miscellaneous Guidance: Notice 2017-68 provides that obligations of a United States person received in exchange for certain property that was located in an area designated by FEMA as subject to damage from Hurricane Irma or Hurricane Maria will be considered to qualify for the exception from treatment as United States property contained in section 956(c)(2)(C) and Treas. Reg. § 1.956-2(b)(1)(v) if repaid by March 31, 2018.