Federal Listed Transactions – Transactions that have been expressly identified by the Internal Revenue Service as abusive.

Material Advisor – Any person who:
is required to register tax shelter transactions persuant to Federal law,
receives, or expects to receive, a minimum fee related to a transaction that is potentially abusive and makes or provides statements to any person concerning potentially abusive tax shelters.

Potentially abusive transactions – reportable transactions required to be registered and reported under federal tax shelter laws.

Reportable transaction – any transaction the Internal Revenue Service determines as having a potential tax avoidance or evasion.

Reportable Transaction – a transaction that the Internal Revenue Service designates as having potential tax avoidance or evasion.

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