In Notice 2007-85 Download material_adviser_reporting. Forms.101607.doc , the IRS provided guidance today for material advisers who must begin filing reports under the expanded material adviser reporting requirements for reportable transactions. The new form, Form 8918, is not yet available, yet material advisers are required to begin reporting October 31. Until the new form is available, the IRS announced that advisers may satisfy disclosure requirements by filing Form 8264, the existing form that promoters use to register registration-required tax shelter transactions.
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