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Is a Standardized Transfer Pricing Policy a Social Responsibility?

An interesting article in the New York Times recently raised the issue of a standardized transfer pricing policy as a social responsibility.  In today's global economy the issue of transfer pricing has become a central focus for many governments, including the United States.  The IRS recently announced the formation of...

IRS Audits Focused Upon OVDP Declines and Withdrawls

A new IRS Large Business & International (LB&I) campaign targets US taxpayers for IRS audits focused upon OVDP declines and withdrawls from the FBAR related program.  Once the IRS implemented FATCA based regulations and the associated Foreign Bank Account Reporting (FBAR) requirements US taxpayers were required to disclose all offshore...

Increased IRS Scrutiny of Cross-Border Transfer Pricing Issues

San Diego businesses face increased IRS scrutiny of cross-border transfer pricing issues thanks to a new IRS LB&I audit campaign.  The IRS has mobilized several specialists with extensive international business expertise into a team under their Large Business and International (LB&I) audit division.  This IRS audit team is targeting small,...