IRS to Boost Transfer Pricing Focus With Some of Its New Funding

The IRS is looking to step up its focus on transfer pricing—including with new hires and better data analytics—as part of the $80 billion of new funding the agency received from Congress last year, a senior agency official said.

“Transfer pricing fits squarely within the goals” of a call to step up enforcement on large corporations, part of the strategic operating plan the IRS released last month, said Jennifer Best, acting deputy commissioner at the IRS’ Large Business and International division. “We hope to be doing more transfer pricing work going forward.”

Best said that push will include hiring and ...