1. Short title This Act may be cited as the IRA Preservation Act of 2017 . 2. Education and outreach (a) Information made available The Secretary shall make available to the public the following information: (1) An overview of the laws and regulations related to individual retirement arrangements, including— (A) limits on contributions; (B) limits on deductions for contributions; (C) rollovers; (D) minimum required distributions; (E) non-exempt prohibited transactions; and (F) tax consequences for early distributions. (2) Examples of common errors by taxpayers with respect to the laws and regulations described in paragraph (1) and instructions on how to avoid such errors. (b) Targeted advance notices Based on the information on common errors identified under subsection (a)(2), the Secretary shall identify critical failure points and cause notices to be issued to individual taxpayers in advance of their reaching such critical failure points, with advice on how to avoid such failures. (c) Soft notice program (1) In general The Secretary shall, at such time as the Secretary considers appropriate, cause a notice under this subsection to be issued to a taxpayer if the Secretary detects a material inconsistency between or among any tax returns or reports filed under the Internal Revenue Code of 1986, including an individual tax return and a third-party information return, that could represent tax liability incurred by the taxpayer because of— (A) an excess contribution to an individual retirement arrangement as described in section 4973 of the Internal Revenue Code of 1986; (B) an excess accumulation in an individual retirement arrangement as described in section 4974 of such Code