Instructions For Form 8918 - Material Advisor Disclosure Statement

consequences that may reduce a

a. Agreements.

6. Where and how each party to the

taxpayer's federal tax liability by affecting

transaction (entered on lines 7a, 7b, and

b. Property transfers and acquisitions.

the amount, timing, character, or source of

8a and 8b) is used, including their roles.

c. Liability assumptions.

any item of income, gain, expense, loss,

7. The economic and business

d. Obligation fulfillment.

or credit. Check the “Other” box for tax

reasons for the transaction and its

benefits not specifically described by a

e. Sales.

structure (describe market or business

box and identify the tax benefit(s) in the

conditions creating the tax benefit or

Entity formation or dissolution.

space provided. If you need more space,

consequence and its financial reporting, if

g. Other relevant events. Other

follow the instructions under

How To

known).

relevant events may include but are not

Complete Form

8918, earlier.

8. How the financial instruments

limited to tax result protection. Tax result

Line 13

(entered on line 9) are used in the

protection includes insurance company

transaction.

and other third party products commonly

Describe all of the relevant facts about the

described as tax result insurance.

reportable transaction including the

9. How the Internal Revenue Code

following.

sections (entered on line 12) enable you to

4. Nature of the transaction (cash,

obtain the tax treatment.

loan, service, other).

1. Tax benefits causing the

transaction to be reportable.

5. Purpose of each step in

If you need more space, follow the

accomplishing the tax benefits and

2. Years affected by the transaction.

instructions under

How To Complete Form

consequences.

8918, earlier.

3. Steps of the transaction including:

Privacy Act and Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws

of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws. We may

give the information to the Department of Justice and to other federal agencies, as provided by law. We may give it to cities, states, the

District of Columbia, and U.S. commonwealths or possessions to carry out their tax laws. We may also disclose this information to

other countries under a tax treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal law enforcement

and intelligence agencies to combat terrorism. A penalty may be imposed if you are required to file this return and fail to file by the due

date or provide incomplete or false information.

Our authority to ask for information is section 6111 and its regulations, which require you to file a return or statement with us with

respect to any reportable transaction for which you are a material advisor. Your response is mandatory under these sections. Section

6109 requires that you provide your identifying number on what you file. This is so we know who you are, and can process your return

and other papers. You must fill in all parts of the tax form that apply to you.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form

displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents

may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential,

as required by section 6103.

The time needed to complete and file this form will vary depending on individual circumstances. The estimated average time is:

Recordkeeping

8 hr., 7 min.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Learning about the law or the form

3 hr., 4 min.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Preparing, copying, assembling, and sending the form to the IRS

3 hr., 20 min.

. . . . . . . . . . . . . . .

Comments. Go to

IRS.gov/UAC/Comment-On-Tax-Forms-And-Publications

to provide any comments. You can also send your

comments to the Internal Revenue Service, Tax Forms and Publications Division, 1111 Constitution Ave. NW, IR-6526, Washington,

DC 20224. DO NOT SEND THE FORM TO THIS ADDRESS. Instead, see

Where To

File, earlier.

Instructions for Form 8918 Rev. 06-2017

-6-

Instructions For Form 8918 - Material Advisor Disclosure Statement - 2017 Page 6

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