Utah Statutes
§ 59-1-1307 — Material advisor maintenance of list.
Utah·Title 59 Revenue and Taxation·Ch. 59-1 General Taxation Policies·Part 59-1-13 Reportable Transactions Act
(1)For each reportable transaction, a material advisor shall maintain a list of the persons to which the material advisor provides material aid, assistance, or advice with respect to organizing, managing, promoting, selling, implementing, insuring, or carrying out a reportable transaction.
(2)The list described in Subsection (1) shall include:
(2)(a) the name of each person described in Subsection (1) that is:
(2)(a)(i) a taxpayer;
(2)(a)(ii) (2)(a)(ii)(A) a taxpayer; and
(2)(a)(ii)(B) a member of a unitary group; or
(2)(a)(iii) (2)(a)(iii)(A) a taxpayer; and
(2)(a)(iii)(B) included in a federal consolidated return under Sections 1501 and 1504(b), Internal Revenue Code;
(2)(b) the same information required to be contained in the list described in 26 C.F.R. Sec. 301.6112-1; and
(2)(c) an
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Legislative History
Amended by Chapter 382, 2008 General Session
Nearby Sections
15
§ 59-1-1001
Statement of taxpayer rights.§ 59-1-1002
Audit interviews.§ 59-1-1003
Penalty waiver.§ 59-1-1004
Installment payments.§ 59-1-1005
Suits against commission and its employees.§ 59-1-101
Definitions.§ 59-1-103
Income Tax Surplus Restricted Account.§ 59-1-1101
Private collection of tax -- Fee.§ 59-1-1302
Definitions.