{"abstract":"This document contains final regulations relating to the penalty under section 6708 of the Internal Revenue Code for failing to make available lists of advisees with respect to reportable transactions. Section 6708 imposes a penalty upon material advisors for failing to make available to the Secretary, upon written request, the list required to be maintained by section 6112 of the Internal Revenue Code within 20 business days after the date of such request. The final regulations primarily affect individuals and entities who are material advisors, as defined in section 6111 of the Internal Revenue Code.","action":"Final regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2016/04/28/2016-09765.html","cfr_references":[{"chapter":null,"citation_url":null,"part":301,"title":26}],"citation":"81 FR 25328","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective Date: These regulations are effective on April 28, 2016.","disposition_notes":null,"docket_ids":["TD 9764"],"dockets":[],"document_number":"2016-09765","effective_on":"2016-04-28","end_page":25339,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2016/04/28/2016-09765.xml","html_url":"https://www.federalregister.gov/documents/2016/04/28/2016-09765/section-6708-failure-to-maintain-list-of-advisees-with-respect-to-reportable-transactions","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2016-09765?publication_date=2016-04-28","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2016-04-28/2016-09765/mods.xml","not_received_for_publication":null,"page_length":12,"page_views":{"count":367,"last_updated":"2026-04-04 18:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2016-04-28/pdf/2016-09765.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2016-09765.pdf?1461761127","publication_date":"2016-04-28","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2016/04/28/2016-09765.txt","regulation_id_number_info":{"1545-BF39":{"issue":"201510","html_url":"https://www.federalregister.gov/regulations/1545-BF39/failure-to-maintain-list-of-advisees-with-respect-to-reportable-transactions","title":"Failure to Maintain List of Advisees With Respect to Reportable Transactions","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201510&RIN=1545-BF39&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1545-BF39"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BF39/failure-to-maintain-list-of-advisees-with-respect-to-reportable-transactions","title":"Failure to Maintain List of Advisees With Respect to Reportable Transactions"},"comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2013-0012","supporting_documents_count":0,"docket_id":"IRS-2013-0012","regulation_id_number":"1545-BF39","title":"Penalties for Failure to Maintain List of Advisees With Respect to Reportable Transactions","checked_regulationsdotgov_at":"2016-05-18T06:00:13Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":25328,"subtype":null,"title":"Section 6708 Failure To Maintain List of Advisees With Respect to Reportable Transactions","toc_doc":"Section 6708 Failure to Maintain List of Advisees with Respect to Reportable Transactions","toc_subject":null,"topics":["Employment taxes","Estate taxes","Excise taxes","Gift taxes","Income taxes","Penalties","Reporting and recordkeeping requirements"],"type":"Rule","volume":81}