Bloomberg Tax
March 8, 2023, 1:17 AM

IRS Planning Changes to Advance Pricing Agreement Process

Isabel Gottlieb
Isabel Gottlieb

The IRS is working on a new process for companies applying for advance pricing agreements, to help give them a clearer idea of how the government will view their application.

“Once finalized, we expect that there will be a mechanism for taxpayers to come in and obtain APMA’s preliminary view on whether the APA workstream is well-suited to successfully achieve the certainty for the proposed covered transactions, before they undertake to draft and submit a formal APA request,” said Jennifer Best, acting deputy commissioner of the Large Business and International Division at the IRS. She was speaking ...

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