Jun 09, 2015
As part of an overall strategy to rethink and reorganize interactions with taxpayers, the IRS developed “Practice Units,” which are intended to describe for agents leading practices for specific international and transfer pricing issues. The IRS’s Large Business and International (“LB&I”) Division released 46 International Practice Units (the “Practice Units”) in December 2014.
This article provides an overview of the recently released material and explains how Practice Units may be informative for taxpayers preparing for examinations or structuring transactions.
Click here to access the article.