EYUS IRS releases FAQs on transfer pricing documentation best practices
|Tax Alerts, National/Federal Taxation, T ...|United States
The United States (US) Internal Revenue Service (IRS) has published new frequently asked questions (FAQs) describing best practices and common mistakes in preparing transfer pricing documentation. The guidance is designed to encourage and help taxpayers to prepare improved documentation with an aim to decrease the number of issues selected for examination and improve the examination efficiency for the issues that are selected.
Background
Reasonable and adequate transfer pricing documentation …