Disclosure of Reportable Transactions - Material Advisor Requirements

  1. Who is a "material advisor"?

  2. What is a material advisor required to disclose to Wisconsin?

  3. What form does a material advisor use to disclose a reportable transaction to Wisconsin?

  4. When does a material advisor have to make the disclosure to Wisconsin?

  5. Where does a material advisor send Wisconsin disclosure statements?

  6. What penalties apply to material advisors if they fail to follow these requirements?

  7. Are there other consequences that may apply to material advisors relating to abusive tax shelters?

FOR MORE INFORMATION PLEASE CONTACT:

WISCONSIN DEPARTMENT OF REVENUE
Tax Shelters Program
PO Box 8958
Madison, WI 53708-8958
Phone: (608) 266-2772
Fax: (608) 267-0834
Email additional questions to DORFranchise@wisconsin.gov

​January 31, 2019