# Material Advisor Penalty for Failure To Furnish Information Regarding Reportable Transactions
> **IRS** · Final regulations and removal of temporary regulations. · Published 2014-07-31 · Effective 2014-07-31 · 79 FR 44282
## Document
- **Document number:** 2014-17932
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 79 FR 44282
- **CFR reference:** 26 CFR 301
- **Publication date:** 2014-07-31
- **Effective date:** 2014-07-31
- **Treasury docket:** TD 9686
## Abstract

This document contains final regulations relating to the assessment of penalties against material advisors who fail to timely file a true and complete return. The regulations implement amendments made by the American Jobs Creation Act of 2004. These regulations affect material advisors responsible for disclosing reportable transactions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2014/07/31/2014-17932/material-advisor-penalty-for-failure-to-furnish-information-regarding-reportable-transactions)
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