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I have to admit I was wondering if I was alone on this Struggle Bus. I can't have all the clients without insurance who also don't have an exemption. I wonder sometimes if people are blindly entering exemptions on that darned Form 8965. That's not how this works. That's not how any of this works.

Some years back, I had a new client come to me; and in reviewing his prior years returns, I had him explain a Schedule E, page 2, Unreimbursed Partnership Expense that appeared on one year and not others, with no MMLLC line, just the UPE line. He'd had the situation above and called the IRS (back when the IRS answered phone calls). They told him to use Schedule E, page 2, as if the MMLLC was still open, as he would for any UPE. So, he'd done that for that one year the partners personally paid an expense after they closed the LLC. Now, with K-1 matching, that might generate an IRS letter. I haven't had an occasion to look into it. Keep researching to see if you can use that method for your client.

Lion makes a good point too, because it is impossible to pay the tax on New Years Day since it is a legal holiday. In that case, it is either paid early in 2017, or would be late if the person tried to pay in 2018. Are we having fun yet?

Everything we "think" we know now is maybe not what it actually is and can change once complete picture is finalized. /// all in perspective :

Their are now news stories confirming this. Apparently this was a concession to get Senator Susan Collins vote. So we will be wrestling with the SRP for 2 more tax seasons.