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New IRS Transfer Pricing Audit Campaign

New IRS Transfer Pricing Audit Campaign

We anticipate that transfer pricing auditors will be targeting companies with relatively low profit margins over all open tax years. The Internal Revenue Service (IRS) announced that U.S. distribution subsidiaries of foreign companies can expect special transfer pricing scrutiny during IRS audits. The IRS has already started auditing inbound distributors in five states, and this activity is expected to grow to ten states shortly.

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