On April 15, 2020, the US Internal Revenue Service (IRS) issued a set of frequently asked questions (FAQs) based on the IRS' observations of best practices and common mistakes in preparing transfer pricing documentation.
These FAQs and responses are illustrative in nature. The responses, and examples therein, are high-level only and should not be relied on to analyze actual transactions, the IRS said. Following six questions are addressed:
See FAQs Comments are closed.
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