Get Form 8918 (rev. December 2011) - Irs

Filling out Form 8918 is essential for material advisors to disclose reportable transactions to the IRS. This guide provides step-by-step instructions to help you navigate each section of the form easily.

Follow the steps to complete Form 8918 online.

1. Click ‘Get Form’ button to obtain the form and open it in your editing tool.
2. Begin by entering the material advisor’s name, identifying number, and telephone number in the designated fields near the top of the form. Ensure that the information is accurate and complete.
3. Fill in the address details, including the number, street, and room or suite number, as well as the city, state, and ZIP code.
4. Identify a contact person by providing their name and title in the specified sections.
5. Indicate whether this is a protective disclosure by checking 'Yes' or 'No' and proceed based on your response.
6. Answer if this is the original Form 8918 for this reportable transaction. If 'Yes,' continue to line 1; if 'No,' enter the previously issued reportable transaction number.
7. For line 1, specify the name of the reportable transaction.
8. Identify the type of reportable transaction by checking all applicable boxes under line 2, such as 'Listed' or 'Transaction of interest.'
9. If you checked boxes 2a or 2e, enter the published guidance number relevant to the listed transaction or transaction of interest.
10. Provide the date when you became a material advisor for the reportable transaction.
11. If relevant, identify other parties involved in a designation agreement and provide their details.
12. Describe the type of material aid, assistance, or advice provided in line 6a, and detail the contributions from other individuals or entities in line 6b.
13. In lines 7 and 8, indicate if related or foreign entities are needed to obtain intended tax benefits and explain their roles.
14. Clarify the types of financial instruments used in the transaction and the expected tax benefits in lines 10 and 11.
15. Provide the relevant sections of the Internal Revenue Code used to claim tax benefits in line 12.
16. Describe the reportable transaction in detail in line 13, addressing tax treatment and benefits.
17. Finally, sign and date the form in the designated section, including your printed name and title.
18. Once completed, you can save changes, download, print, or share the form as needed.

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