material advisor
Defined in 1 place of the United States Code.
The term “material advisor” means any person—
(i) who provides any material aid, assistance, or advice with respect to organizing, managing, promoting, selling, implementing, insuring, or carrying out any reportable transaction, and
(ii) who directly or indirectly derives gross income in excess of the threshold amount (or such other amount as may be prescribed by the Secretary) for such aid, assistance, or advice.
Source
- 2005–present26 U.S.C. § 6111Internal Revenue Code · Disclosure of reportable transactions · for purposes of this section