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Official form guide
Form 8918: Material Advisor Disclosure Statement
IRS Form 8918 is the Material Advisor Disclosure Statement that material advisors file to disclose reportable transactions and receive a reportable transaction number. Failure to file on time can trigger a $50,000 penalty.
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IRS Form 8918 - Material Advisor Disclosure Statement
IRS Form 8918 is the Material Advisor Disclosure Statement that material advisors file to disclose reportable transactions and receive a reportable transaction number. Failure to file on time can trigger a $50,000 penalty.
Risk Radar
Scan points- 1Missing the required signature can trigger a $50,000 penalty.
- 2Omitting the material advisor’s name from the top section of the form.
- 3Leaving the filing date blank or entering an incorrect date.
- 4Including an EIN or Social Security Number on the fax cover sheet.
- 5Sending a fax that exceeds the 100‑page maximum limit.
Plain English
Form 8918 lets a material advisor report a reportable transaction to the IRS and obtain a transaction number. The advisor must provide basic contact details, describe the transaction, and sign the form.
Submission Date
- Filing date: 2022-06-19 22:10:14
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when a material advisor must disclose a reportable transaction to the IRS.
- Do not use it when a taxpayer is reporting a participation in a reportable transaction.
- Check Form 8264 instead when registering a tax shelter under the older system.
Form selector
Use this form or another form?
You are a taxpayer reporting a reportable transaction
Taxpayer disclosure required separate from material advisor filing
✓ Confirm you are not filing as a material advisor
You need to register a tax shelter under the pre‑2021 system
Legacy registration form superseded by Form 8918
✓ Verify the transaction predates Form 8918 adoption
You are a material advisor filing a disclosure
Primary required form for material advisors
✓ Confirm you are using the 2021 version after June 1 2022
Deadline or filing window
Not stated in the official source.
Checklist
What you need before filling it out
Material Advisor’s name
Advisor’s legal name · Form field
Reportable transaction number
Number issued by IRS · Form field
Date
Current filing date · Form field
Number of pages faxed
Count of pages including cover sheet · Cover sheet
Signature
Advisor’s authorized signature · Form field
Before you submit
- 1Confirm the form version is the 2021 edition.
- 2Verify no fields are handwritten.
- 3Ensure every "See Attached" entry contains full allowable details.
- 4Enter the material advisor’s legal name exactly.
- 5Enter the IRS‑issued reportable transaction number.
- 6Provide the current filing date.
- 7Count all pages and record the total on the cover sheet.
- 8Prepare the fax cover sheet with subject, sender info, material advisor name, date, and page count.
- 9Do not place EIN or SSN on the fax cover sheet.
How to file this form
- 1Verify you are using the 2021 version of Form 8918.
- 2Complete all required fields on the form.
- 3Prepare a fax cover sheet that includes the required subject, sender details, material advisor name, date, and page count.
- 4Transmit the form and cover sheet via electronic fax to 1‑844‑253‑5607.
- 5Retain the receipt provided by OTSA as proof of filing.
Known limitations
- 1Form 8918 does not apply to taxpayers; they must use Form 8886.
- 2Form 8918 does not serve as a registration form for tax shelters; Form 8264 is used for that purpose.
- 3Handwritten submissions are rejected; the form must be typed.
Field map
Compact field-by-field guide
Entity Info
1 items
Name and taxpayer ID of the entity claiming the credit.
Credit Info
1 items
Type of credit or incentive being claimed.
Calculation
2 items
The base amount used to calculate the credit.
Calculated credit amount after applying formulas and limitations.
Certification
1 items
Detailed breakdown supporting the credit calculation.
Signatures
1 items
Sign and date the form.
Almost done reviewing the fields?
Fillable formOpen in Editor->Form 8918 revision date is 11‑2021; the source directs users to the latest revision on IRS.gov.
What changed or needs a fresh check
- Edition date — confirm the form revision reads 11‑2021 (Instructions p.1).
- Version acceptance — confirm you are using the 2021 version if filing after June 1 2022 (Instructions p.1).
- Handwritten — confirm the form is not handwritten (Instructions p.1).
- "See Attached" text — confirm any "See Attached" entries include the maximum information allowed (Instructions p.1).
- Mailing address — confirm the mailing address matches IRS OTSA Mail Stop 4915 1973 Rulon White Blvd. Ogden, UT 84201 (Instructions p.4).
- Fax number — confirm electronic fax uses toll‑free 1‑844‑253‑5607 (Instructions p.4).
Quick Facts
Downloads
After you file
- 1Keep the OTSA receipt in your records.
- 2Store a copy of the completed Form 8918 for future reference.
- 3If an error is discovered, file an amended disclosure statement using Form 8918.
- 4Monitor for any follow‑up communication from the IRS regarding the reportable transaction number.
Sources
- SRCInstructions p.1 — accepted form versions and cutoff dates
- SRCInstructions p.1 — form must not be handwritten
- SRCInstructions p.1 — "See Attached" must include full information
- SRCInstructions p.1 — use the latest revision available on IRS.gov
- SRCInstructions p.1 — purpose of Form 8918 for material advisors
- SRCInstructions p.1 — Form 8918 replaces Form 8264
- SRCInstructions p.1 — taxpayers must use Form 8886
- SRCInstructions p.4 — filing deadline is the last day of the month following the quarter end (When To File)
- SRCInstructions p.4 — electronic fax number is 1‑844‑253‑5607 and cover sheet requirements
- SRCInstructions p.4 — mailing address for non‑fax submissions
Common confusion points
Which version of Form 8918 should I use?
The source changes acceptance dates; using the wrong version leads to rejection.
→ Verify the filing date and select the 2021 version after June 1 2022.
Can I handwrite the form?
The instructions explicitly forbid handwritten forms.
→ Ensure the form is typed or printed.
What must be included with "See Attached"?
The source requires as much information as the text box allows.
→ Fill the box completely with the required details.
Am I a material advisor or a taxpayer?
Material advisors file Form 8918; taxpayers file Form 8886.
→ Check your role before selecting the form.
How many pages can I fax?
Fax may not exceed 100 pages.
→ Count all pages, including the cover sheet, and stay within the limit.
What information is prohibited on the fax cover sheet?
The source says not to include EIN or SSN.
→ Omit any sensitive identification numbers.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 8918 – file an amended disclosure statement
Questions about IRS Form 8918
What is IRS Form 8918 used for?
Form 8918 lets a material advisor report a reportable transaction to the IRS and obtain a transaction number. The advisor must provide basic contact details, describe the transaction, and sign the form.
Who must file IRS Form 8918?
Every material advisor – an individual, trust, estate, partnership, or corporation – to a reportable transaction must file IRS Form 8918.
What information does IRS Form 8918 require?
The form collects the sender’s name, title, phone number, street address, the material advisor’s name, the filing date, number of pages faxed, and the Internal Revenue Code sections used for the transaction.
Where do I file IRS Form 8918?
If you cannot fax electronically, mail the completed Form 8918 to Internal Revenue Service, OTSA Mail Stop 4915, 1973 Rulon White Blvd., Ogden, UT 84201. Fax may be used within a 100‑page limit.
How do I complete IRS Form 8918?
Enter the sender’s contact information, the material advisor’s name, the filing date, and the number of pages faxed in the top section. List the Internal Revenue Code sections that generate the tax benefit on line 12 of page 2. Attach any required statements and sign under penalties of perjury. Fax the form (max 100 pages) or mail it to the OTSA address.
What happens if IRS Form 8918 is filed incorrectly?
Failing to file on time or providing false or incomplete information can result in a $50,000 penalty, or up to $200,000 or a percentage of gross income for listed transactions.
Which version of Form 8918 should I use?
The source changes acceptance dates; using the wrong version leads to rejection. Verify the filing date and select the 2021 version after June 1 2022.
Can I handwrite the form?
The instructions explicitly forbid handwritten forms. Ensure the form is typed or printed.
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