IRS releases transfer pricing audit roadmap

Tax Insights ()
On February 14, 2014, the Internal Revenue Service (IRS) released its new “Transfer Pricing Audit Roadmap,” which provides IRS practitioners with audit techniques and tools to assist with the planning, execution, and resolution of transfer pricing examinations.  

The roadmap is intended for use by IRS Large Business and International (LB&I) teams in performing a risk assessment of transfer pricing issues, and in carrying out a transfer pricing examination.  This roadmap represents another step by the IRS in its on-going restructuring of the way it interacts with multinational entities, especially those undergoing transfer pricing examinations.