{"data":{"id":"us-co/c.r.s.-39-22-658","jurisdiction":"us-co","citation":"C.R.S. § 39-22-658","heading":"Material advisor - penalties.","body":"(1) The penalty for the failure of a material advisor to disclose a reportable or listed transaction as required by section 39-22-656 (1)(a) shall be up to twenty thousand dollars.\n\n(2) If a material advisor that is required to disclose a reportable or listed transaction in accordance with section 39-22-656 (1)(a) provides false or incomplete information to the department, then an additional penalty shall be imposed of up to twenty thousand dollars.\n\n(3) If a material advisor that is required to maintain a list under section 39-22-657 (1) fails to make that list available to the department within a twenty-day period after the day on which the department mails a written request for that list, the material advisor shall be subject to a penalty of ten thousand dollars for each day that the material advisor fails to make that list available to the department after the expiration of the twenty-day period.\n\n(4) A penalty imposed by this section shall be in addition to any other penalty imposed by articles 21 and 22 of this title.","path":["Title 39 - Taxation","Article 22 - Income Tax","Part 6 - PROCEDURE AND ADMINISTRATION","Subpart 2 - REPORTABLE TRANSACTIONS"],"source_url":"https://olls.info/crs/crs2026-title-39.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"03f1d9be6ca036c1ee9a5ab9642d4e1f1e0623e38cfec3fa733d3be0e59c2354","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-39-22-657","next":"us-co/c.r.s.-39-22-659"},"notice":"GroundRules: Original legal text. Not legal advice."}